The Keane compliance team has received personal confirmation from Delaware Governor Jack Markell’s office that on July 22, 2015, Delaware Senate Bill 141 was signed into law. This legislation modifies Delaware’s unclaimed property laws in accordance with the recommendations of the Unclaimed Property Task Force created pursuant to Senate Concurrent Resolution 59. The bill amends […]
As summer heats up, so too is the amount of litigation being brought by holders challenging the unclaimed property audit processes and third-party auditor assertions to certain classifications of property. In this first of two entries, we will focus on National Freight, Inc. v. Sidamon-Eristoff, et.al.
On June 16, 2015, Senate Bill 141 was introduced in Delaware. This legislation modifies Delaware’s unclaimed property laws in accordance with the recommendations of the Delaware Unclaimed Property Task Force which met over several months during 2014. The bill seeks to amend Delaware’s audit requirements and the voluntary disclosure program currently in place through the […]