Keane's Unclaimed Property Blog

Dormancy Periods (24 articles)

Michigan HB 6421 – Signed into Law by the Governor – Reduces Unclaimed Property Dormancy Periods

Abandoned Property, Abandoned Property Law, Compliance, Dormancy Periods, Gift Card Escheatment, Legislative Alerts, Money Orders, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Michigan’s new reporting bill, HB 6421 – introduced on September 8th, was signed into law by the Governor on October 5, 2010.  The details are summarized below: General dormancy period from 5 to 3 years. Money orders from 7 years to 3 years. Any sum payable on a check, draft, or similar instrument from 5 years […]

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NJ Abandoned Property: Gift Card and Travelers Check Amendment

Abandoned Property, Abandoned Property Law, Dormancy Periods, Escheat Law, Escheatment, Gift Card Escheatment, State Escheatment, Travelers Checks, Unclaimed Property, Unclaimed Property Law

American Express as well as the New Jersey Retail Merchants Association have targeted a recent law which altered the length of time upon which the state can seize travelers check and unused gift card balances. American Express is concerned with travelers checks and the NJRMA is unhappy with the law’s implications on gift cards. New […]

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Michigan HB 6421 – Passes the Senate with Proposed
Reductions in Unclaimed Property Dormancy Period

Dormancy Periods, Gift Card Escheatment, Legislative Alerts, Legislative Updates, Money Orders, Travelers Checks, Unclaimed Property, Unclaimed Property Reporting

Michigan’s new reporting bill, HB 6421 – introduced on September 8th, passed the Senate yesterday, September 23rd, 2010 with a solid vote of 461 to 36. It has been ordered to be enrolled for the Governor’s desk. For your reading convenience, details are summarized below:

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Quick Guide: Arizona Escheat & Unclaimed Property Laws

Abandoned Property, Abandoned Property Law, Best Practices, Dormancy Periods, Escheat Law, Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Are you interested in cost risks of unclaimed property compliance in Arizona? Here you will find valuable knowledge pertaining to Arizona State escheat and unclaimed property laws. Should there be a specific question that we fail to answer here, we’re ready and willing to provide our insight.  To submit your inquiry and get more information, fill […]

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Quick Guide: Delaware Escheat & Unclaimed Property Laws

Abandoned Property, Abandoned Property Law, Compliance, Dormancy Periods, Escheat Law, Escheatment, Other News, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Would you like to learn some of the core concepts of escheatment and unclaimed property laws which apply specifically to Delaware? This page provides key information regarding to Delaware State escheat laws concerning reporting & compliance.

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