Keane's Unclaimed Property Blog

Dormancy Periods (25 articles)

Delaware and Illinois Clarify Intent to Enforce Activity Driven Unclaimed Property Laws

Brokerage, Compliance, Dormancy Periods, State Escheatment, Unclaimed Property Law

Unclaimed Property laws are complex and often difficult for holders to interpret. This complexity also makes the unclaimed property laws challenging to enforce. However, as states continue to closely monitor their budgets and look increasingly to unclaimed property as a source of revenue, once-previously overlooked provisions are now being enforced in an effort to increase […]

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New Jersey Gift Card Escheatment Update: Third Circuit Rejects “Place of Presumption” Provision

Dormancy Periods, Gift Card Escheatment, State Escheatment, Unclaimed Property Reporting

On January 5, 2012, the United States Court of Appeals for the Third Circuit issued its opinion in the case of New Jersey Retail Merchants Association v. Sidamon-Eristoff which concerns several plaintiffs’ challenges against NJ A3002, the bill passed on June 30, 2010.  The bill featured major changes to New Jersey’s approach to unclaimed gift […]

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

Abandoned Property, Dormancy Periods, Legislative Alerts, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

WINTER 2011 (Current through 12/13/10) Legislative Update Key Introduced – used for Legislation Passed – used for Legislation Proposed – used for Regulations Adopted –used for Regulations Prefiled – drafted bills and resolutions to be numbered, printed, made available for public review, and scheduled for hearing before the actual start of session. Gift Card Escheatment […]

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Unclaimed Property Article in Kansas City Star

Abandoned Property, Dormancy Periods

As state budget deficits continue to grow so does the topic of unclaimed property. Today, more and more businesses and financial institutions are reporting large amounts in abandoned property, much of which will eventually go to the state treasury instead of its rightful owner. Here at Keane Unclaimed Property, our main objective is to provide […]

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