Keane's Unclaimed Property Blog

New York Proposes a Dormancy Period Increase

New York Proposes a Dormancy Period Increase

Compliance, Legislative Alerts

On May 12, 2016, New York Senate Bill 7803 was introduced into the New York state legislature. The bill proposes a dormancy period increase for many property types. Specifically, the bill increases from three to five years dormancy periods for wages, banking, and securities-related property including brokerage accounts and life insurance property.

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Washington State Offers Unclaimed Property Amnesty Program

Washington State Offers Unclaimed Property Amnesty Program

Compliance, Unclaimed Property Reporting

Washington State is offering a one-time unclaimed property amnesty program for holders in advance of the restructuring of its penalty provisions. Qualifying holders have the opportunity to receive a waiver of penalties and interest for previous outstanding unclaimed property items so long that all past-due property is reported and remitted before the 2016 escheat report […]

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