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Keane's Unclaimed Property Blog

Uniform Law Commission Passes Revisions to the Uniform Unclaimed Property Act

Uniform Law Commission Passes Revisions to the Uniform Unclaimed Property Act

Compliance, Unclaimed Property Reporting

In their 2016 annual meeting on July 13, 2016, the Uniform Law Commission (“ULC”) voted favorably on the revisions to the Uniform Unclaimed Property Act.  The ULC’s action is the culmination of almost 3 years of work by a committee of fourteen (14) Commissioners appointed by the ULC.  The committee, called the Revisions to the […]

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Keane to Host Arkansas Unclaimed Property Seminar

Keane to Host Arkansas Unclaimed Property Seminar

Compliance, Unclaimed Property Reporting

Keane will be co-hosting an unclaimed property seminar with the Arkansas State Auditor’s Office in Little Rock on September 13, 2016. This Arkansas escheatment seminar is an exciting opportunity to expand your understanding of Arkansas unclaimed property laws and regulations while, at the same time, offering you the chance to have your questions and concerns […]

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A Game of Gotcha: Delaware’s Audit Estimation Method Ruled Violation of Due Process

A Game of Gotcha: Delaware’s Audit Estimation Method Ruled Violation of Due Process

Compliance, Unclaimed Property Audit

While seemingly just another Tuesday, the Federal District Court for Delaware determined that Delaware’s audit estimation method and other practices relating to the Temple-Inland examination violated the due process clause of the Fourteenth amendment of the United States Constitution. The decision rendered is a critical one for the unclaimed property holder community.

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Retirement Savings Lost and Found Act to Target Lost 401ks

Retirement Savings Lost and Found Act to Target Lost 401ks

Compliance

On June 21st, United States Congresswoman Elizabeth Warren (D-MA) and Congressman Steve Daines (R-MT) introduced Senate Bill 3078 which would create the “Retirement Savings Lost and Found Act” (“RSLFA”). The legislation is based on the assertions made in a March 2015 TIAA-CREF Survey Report indicating that of all respondents to the survey, thirty percent (30%) […]

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