14 Critical Questions You Must Ask Before Each Escheat Reporting Season.Get the full list here.

Keane's Unclaimed Property Blog

Unclaimed Property Compliance Becoming More Complex For Corporations In Many States

Compliance, Legislative Updates, State Escheatment

This Mississippi bill died in committee but shows how state legislators are proposing changes that make unclaimed property compliance more complicated for corporations. The bill contemplated dormancy period reductions (which would increase the amount of property escheated) as well as a host of fines and penalties. Specific details of the proposal are shared below:

Read More ›


Arizona Unclaimed Property Dormancy Periods Reduced Across The Board – Travelers Checks & Money Orders Reduced The Most

Dormancy Periods, Legislative Alerts, Unclaimed Checks

This post is to advise that on 11/23/09, the Arizona Legislature passed SB 1003 reducing dormancy periods for purposes of unclaimed property reporting. The new legislation reduces dormancy periods for all property types by one year, except the dormancy period for travelers checks will be reduced from 15 to 3 years (an amendment is pending […]

Read More ›


Escheatment Audit Frequency is on the Rise in Louisiana

Escheatment, State Escheatment, Unclaimed Property Audit

I’ve talked in the past about escheatment audit risk, the increased scrutiny companies are facing, and the rising state interest in unclaimed property. The bottom line is that unclaimed and abandoned property contributes a large amount of revenue to the States’…well, their top line revenue! Apropos to that, I came across a story in the Time Picayune in New Orleans, LA […]

Read More ›


Escheatment laws remain a hot topic at state and Federal levels

Abandoned Property, Escheat Law, Escheatment

We’ve been discussing a couple of recent news items related to escheat laws that really drive home the risk management issues associated with unclaimed, abandoned or escheated property. The first story is from The Times Picayune in New Orleans, LA. Benny Spann, director of the Unclaimed Property Division of the state’s  Treasury Department details Louisiana’s escheatment audit and unclaimed property efforts. […]

Read More ›


Gift Card Escheatment Rules Changes Proposed by the Fed

Gift Card Escheatment

The Fed jumped into the holiday spirit with a recent proposal that impacts gift card escheatment rules. Since it was announced, we have been having some internal discussions here about the news yesterday that the Federal Reserve is proposing changes to the rules that govern gift card and certificate expirations – and their eventual escheatment to State […]

Read More ›


I'm looking for information on...