Keane's Unclaimed Property Blog

Escheat Law (17 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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Missouri Unclaimed Property Reporting: Legislature Proposes Changes to Unclaimed Property Law

Escheat Law, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

On February 2, 2011, Missouri unclaimed property reporting met new stipulations. The Legislature submitted a bill proposing a business-to-business exemption to its Missouri unclaimed property law. The proposed law exempts any "intangible property due or owed by a business association to, or for the benefit of, another business association resulting from a transaction occurring in […]

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Cayman Island’s Unclaimed Property Law Causes Uproar

Abandoned Property, Abandoned Property Law, Dormancy Periods, Escheat Law, Escheatment, Legislative Updates, Unclaimed Checks, Unclaimed Property Law, Unclaimed Property Reporting

With reporting deadlines occurring at the end of this month, we are constantly keeping abreast of issues involving unclaimed property and dormant accounts—even ones occurring outside the United States. A recent article caught our attention from CaymanNewsService titled “Law fundamentally ‘flawed’” as it raised some unclaimed property law issues that have and continue to occur […]

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