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Keane's Unclaimed Property Blog

Unclaimed Property Law (45 articles)

Delaware Enacts Less Controversial Recommendations of its Unclaimed Property Task Force

Compliance, Legislative Alerts, Unclaimed Property Law

On January 29, Delaware Governor Jack Markell signed into law Senate Bill 11 which enacts the less controversial recommendations of the Delaware Unclaimed Property Task Force (DETF).   The DETF made nine recommendations in its final report issued in December, 2014.  Senator Bryan Townsend, a co-chair of the DETF was the chief sponsor of SB 11.

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New Jersey Unclaimed Property Update: Almost Full Circle for Gift Cards?

Legislative Alerts, Unclaimed Property Law

Legislation eliminates requirement that gift card issuers/merchants obtain consumer data. On February 5, 2015, New Jersey Governor Chris Christie signed into law Senate Bill 2235 which repeals the otherwise upcoming requirement that gift card issuers/merchants, when selling gift certificates or cards in New Jersey, obtain the name and address of the purchaser (at a minimum the zip code […]

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Delaware Senator Discusses Reform Bill and Potential Subsequent Legislation

Legislative Alerts, Unclaimed Property Law

During a Delaware Public Media interview (Radio WDDE 91.1 FM) on January 20, Delaware Senator Bryan Townsend provided insight into Senate Bill 11 (SB 11) which addresses many of the recommendations from the final report of the Unclaimed Property Task Force (UPTF) he co-chaired in Fall 2014.  As co-sponsor of the bill, Townsend indicated that […]

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