Keane's Unclaimed Property Blog

Abandoned Property (40 articles)

Nevada Unclaimed Property: Uncashed Payout Checks Could Bring Millions

Abandoned Property, Escheatment, Unclaimed Property

March 30, 2011 Nevada unclaimed property, from casinos, could bring the state millions. When gamblers step into casinos, especially in Nevada, they’re looking to win big bucks. Typically, these gamblers don’t bother redeeming the low-value payout tickets dispensed from cashless slot machines or other electronic games. However, if they cashed in those tickets each time […]

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New York Abandoned Property Law Update – NY A4011 (S2811) Sent 4/5/2011 (Revised 4/7/2011, 5/24/11)

Abandoned Property, Abandoned Property Law, Unclaimed Property, Unclaimed Property Law

Please be advised that on March 31, 2011, New York passed the budget bill S2811, which replaced the identical New York Abandoned Property Law A4011. The new law, effective immediately and due with the next reporting cycle, provides the following: New York S2811 lowered the dormancy periods from 5 years to 3 years for the […]

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Idaho Passes Legislation which Alters Securities Reporting

Abandoned Property, Abandoned Property Law, Other News, Unclaimed Property, Unclaimed Property Reporting

Proposed on February 17, 2011 and passed on March 25, 2011, HB 174 marks the first major unclaimed property legislation passage of 2011. The bill makes two major changes to securities reporting in Idaho: (1) the dormancy trigger will now be a combination of inactivity and RPO, instead of pure inactivity, and (2) the requirements […]

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Costco Sues Washington State Over $3 Million in Unclaimed Rebates

Abandoned Property, Abandoned Property Law, Compliance, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Last week, the Seattle Post-Intelligencer reported that Costco is suing the State of Washington over $3.2 million in unclaimed rebates. The lawsuit is in response to an order mandated by the state in February that Costco owed more than $3 million in unused rebates. The state says the funds belong in a state-managed program for […]

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Keane Hires Big 4 Consultant/Former State Unclaimed Property Audit Director

Abandoned Property, Oil & Gas, Other News, Unclaimed Property Audit

Pamela Wentz Joins Keane’s Unclaimed Property Consulting and Advisory Services Group as a Senior Manager Last week, we announced that state unclaimed property audit director, Pamela Wentz, joined our team as senior manager of our Unclaimed Property Consulting and Advisory Services Group. Along with Valerie Jundt, Pamela will be serving this group from her office […]

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