Keane's Unclaimed Property Blog

Dormancy Periods (24 articles)

Dormant Account Escheat Rules:
When Client Accounts Become Inactive

Dormancy Periods, Escheat Consulting, Escheatment

Time and time again at Keane Unclaimed Property, advisory firms will come to us in an effort to avoid dormant account escheatment by finding a client who has essentially disappeared. Maybe they’ve moved to a new address without notifying their investment firm, perhaps they’ve removed the IRA from their brokerage account or even passed on. […]

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June 2010 Update: State Escheat Laws, Reporting, Dormancy Periods & Gift Card Escheatment

Dormancy Periods, Escheat Law, Legislative Updates, State Escheatment, Unclaimed Property Reporting

Recent legislative, regulatory and legal developments that occurred during the month of June 2010 in the areas of state unclaimed property law and regulation are summarized below, by state and by topic: Unclaimed Property Reporting Laws: State By State Changes Delaware Unclaimed Property Reporting SB 272 Introduced 5/13/10, Passed Senate 6/22/2010, Passed House 6/29/2010. Section […]

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Spring 2010: Dormancy Periods, State Unclaimed Property Laws, & Reporting Legislative / Regulatory Updates

Abandoned Property, Abandoned Property Law, Dormancy Periods, Escheatment, Legislative Updates, Unclaimed Property, Unclaimed Property Law

State Dormancy Periods Regulations Arizona Dormancy Periods HB 2003, SB 1003 Introduced 12/17/09 This bill proposes to change the dormancy period for traveler’s checks back to 15 years from 3 years. HB 2111 Introduced 1/10/10, Engrossed 2/16/10 This bill proposes to change the dormancy period for traveler’s checks back to 15 years from 3 years. […]

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Arizona Unclaimed Property Dormancy Periods Reduced Across The Board – Travelers Checks & Money Orders Reduced The Most

Dormancy Periods, Legislative Alerts, Unclaimed Checks

This post is to advise that on 11/23/09, the Arizona Legislature passed SB 1003 reducing dormancy periods for purposes of unclaimed property reporting. The new legislation reduces dormancy periods for all property types by one year, except the dormancy period for travelers checks will be reduced from 15 to 3 years (an amendment is pending […]

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