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Escheat laws by state can be difficult to keep track of, as no two states interpret unclaimed property in the same way. State escheatment laws can differ based on a variety of factors, including property type, dormancy period, and compliance requirements, among other factors.
Keanotes®, our industry leading compliance journal, eases the burden of tracking the various escheat laws by state by providing an in-depth view and analysis of unclaimed property regulations and state escheatment laws. Keanotes also includes editorial coverage of ongoing legislation changes, legislative summaries of escheat rules by state, guest columnists from state and industry professionals, Q&A sessions, continuous interpretation and recommendations to effectively comply with unclaimed property laws while increasing your company’s bottom line.
The compliance experts at Keane can help to keep you up to date the various escheat laws by state by providing real-time alerts when significant changes are made to unclaimed property regulations and state escheatment laws. Subscribers to Keane’s Unclaimed Property Compliance Portal will also receive access to view additional details on the legislative change, including a summary of the legislation and an analysis of its impact.
Click on the button below to register for Keanotes®. You’ll receive a notification when new issues are published and real-time alerts for changes in escheat laws by state. For information on subscribing to Keane’s Unclaimed Property Compliance Portal, please visit www.keanecompliance.com.
Contents of Latest Issue
by Cornel Lupu, Senior Manager, Keane Consulting & Advisory Services Team
Kelmar Associates has been retained by many states as their third party auditor to spearhead this recent barrage of securities audits. Within the past few months it has become apparent that Kelmar is taking two different approaches with their multi-state securities or equity related audits.
Laurie Andrews, Senior Manager, Keane Consulting & Advisory Services
As we continue to see an increase in unclaimed property compliance audits, we have noticed the number of compliance audits increasing within the Financial Institutions sector. Financial Institutions, which have historically been a compliant industry, should take the time to do a health check to prepare for the possibility of a compliance audit.
Ann Fulmer, Director, Keane Consulting & Advisory Services
The last few months have been very busy for the state of Delaware. On October 1, 2017, Delaware released the long awaited Department of Finance Abandoned or Unclaimed Property Reporting and Examination Manual. While the Manual does not address issues raised by recent court cases, it provides certain protections for Holders in the event of […]
Ray Boone, Executive Vice President & Joe Pollock, Vice President of Unclaimed Property Reporting Operations
Within unclaimed property circles, the majority of attention is paid to the Fall reporting cycle, where the majority of state deadlines fall on either October 31st or November 1st. While many practitioners can breathe a sigh of relief after these deadlines pass, the next reporting cycle for the group of states with Spring deadlines actually begins on November 1.
Heather Gabell, J.D., Director of Compliance
Legislation in Tennessee and Illinois illustrate how the states are choosing to adopt RUUPA on a piecemeal basis, modifying key provisions to suit their purposes, under the overarching premise of returning unclaimed property to its rightful owner.
Paul MacCready, Director of Liability Reduction & Remediation Services
Illinois’ decision to adopt a majority of the provisions recommended in the 2016 Revised Uniform Unclaimed Property Act (RUUPA) presents a dilemma for companies that have historically elected to take advantage of the Illinois business-to-business (B2B) exemptions.