Keane's Unclaimed Property Blog

California Escheatment Guidance Aids Holders Reporting Unclaimed Property

Escheat Law, Escheatment, State Escheatment, Unclaimed Property Reporting

Because reporting unclaimed property is such a hot topic in California, escheatment guidance and holder education are high priorities for the state. To help companies follow the state’s unique and complex reporting requirements they issue a Holder Outreach newsletter on their website. It provides tips, alerts, and instructions that typically detail or highlight the nuances between California escheatment […]

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Escheatment, gift cards hot topic in CA and elsewhere

Unclaimed Property

Another state recently introduced new legislation to increase revenues by modifying how escheatment, gift cards, and dormancy periods are managed. Specifically, California introduced bill CA A77c on July 16, 2009. This bill proposes removing the exemption for the escheat of gift certificates and gift cards.  The unclaimed property law would now apply to all unredeemed gift certificates and […]

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