Keane's Unclaimed Property Blog

Abandoned Property Law (24 articles)

Gift Card Escheatment Laws

Abandoned Property, Abandoned Property Law, Compliance, Dormancy Periods, Escheat Law, Escheatment, Gift Card Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Update 2019: Are gift cards escheatable? Unfortunately, the answer is not simple as each state and territory have different unclaimed property laws regarding gift cards and the time before escheatment. These differences in state laws impact gift card breakage, the revenue companies gain through unredeemed gift cards. The Electronic Funds Transfer Act and the Consumer […]

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Quick Guide: New York Escheat & Unclaimed Property Laws

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

Are you interested in learning some of the key concepts of New York escheat and unclaimed property laws? Have a specific question about reporting, auditing or compliance? This page gives you key information pertaining to New York State escheat laws including reporting & compliance.

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New Jersey Gift Card Law: Third Circuit Hears Oral Arguments

Abandoned Property Law, Gift Card Escheatment, State Escheatment, Unclaimed Property

On Monday, September 12, 2011, the Third Circuit United States Court of Appeals heard oral arguments in the case of New Jersey Retail Merchants Association v. Sidamon-Eristoff.  The litigation concerns the New Jersey gift card law passed in 2010 which, among other things, altered the unclaimed property jurisdictional priority rules for the reporting of gift cards in New […]

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New York State Abandoned Property Alert Added to Website Regarding Law Changes

Abandoned Property, Abandoned Property Law, Legislative Alerts

As reported earlier, the New York State abandoned property laws changed recently when the Legislature passed its budget bill for 2011-2012 via Senate Bill 2811. The bill includes multiple changes to the New York Abandoned Property Law that affect holders required to file with New York for the next reporting cycle.   The New State Comptroller’s Office […]

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Texas Unclaimed Property Rules – HB 257
Legislative Update From Keane – May 6, 2011

Abandoned Property, Abandoned Property Law, Legislative Updates, State Escheatment, Unclaimed Property, Unclaimed Property Law

On Tuesday, May 3rd, Texas substantially amended HB 257 proposing, among other things, to adjust the due dates for Texas unclaimed property rules, reporting, and delivery.  Previously, Texas’ reporting due date was November 1st with a cut-off date of June 30th.  The amended bill proposes a due date of July 1st with a cut-off date of […]

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