Keane's Unclaimed Property Blog

Legislative Updates (31 articles)

Unclaimed Property Compliance Becoming More Complex For Corporations In Many States

Compliance, Legislative Updates, State Escheatment

This Mississippi bill died in committee but shows how state legislators are proposing changes that make unclaimed property compliance more complicated for corporations. The bill contemplated dormancy period reductions (which would increase the amount of property escheated) as well as a host of fines and penalties. Specific details of the proposal are shared below:

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