Following Arizona unclaimed property law? Some late-breaking news for you: On April 20, 2010, the Governor of Arizona signed HB 2453 into law. This bill reverts the dormancy period for Arizona security and bond property back to a 3 year dormancy, up from 2 years. The legislation reverses the recently enacted Senate Bill 1003 which […]
Escheat Law (17 articles)
This post pertains to the Delaware Abandoned Property Law, and more specifically to a recent lawsuit between DE and CA, Inc. In a stunning turn of events, the State of Delaware and CA, Inc. (“CA”) have settled their litigation pending in the Delaware Court of Chancery. According to the terms of the agreement, CA has […]
We’ve been discussing a couple of recent news items related to escheat laws that really drive home the risk management issues associated with unclaimed, abandoned or escheated property. The first story is from The Times Picayune in New Orleans, LA. Benny Spann, director of the Unclaimed Property Division of the state’s Treasury Department details Louisiana’s escheatment audit and unclaimed property efforts. […]
An interesting article regarding state escheatment rules is circulating today. It is just the latest front in the States’ continuing battle to collect unclaimed and abandoned property. Covered here by the Los Angles Times, the short version of the story is this – there are some $16.7 billion in war bonds from World War II […]
On October 14th, 2009 a seminar exploring the impact of state escheatment laws will be held by accounting firm Cherry, Bekaert, and Holland (Greater Washington D.C. office) in partnership with the unclaimed property experts at Keane Unclaimed Property.