Keane's Unclaimed Property Blog

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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