Thu, March 2, 2017
In a matter of weeks, the Delaware Legislature introduced, amended, and passed Senate Bill 13 into law. The bill makes sweeping changes to Delaware unclaimed property law and will have a significant impact on all companies incorporated in or doing business in Delaware.
What are the changes – and how will they impact your organization?
To bring the holder community up to speed on these major changes taking place, Keane and guest speakers reviewed the changes to Delaware escheat law and detail how they will affect your organization’s compliance obligations, including:
- Statutes of limitation & record retention requirements
- Use of estimation, penalties, and interest
- Converting a Delaware unclaimed property audit into a Voluntary Disclosure Agreement
- Converting a Delaware unclaimed property audit into a “Fast Track” audit process
- Changes to the DE VDA Program
- Holder considerations – enroll, convert, or stay the course?
This 60-minute webinar was moderated by Keane’s Debbie Zumoff and featured guest speakers the Delaware Secretary of State Jeffrey Bullock, Geoffrey Sawyer of Drinker Biddle and Reath LLP, the administrators of the Delaware Voluntary Disclosure Agreement Program, and Keane’s Ann Fulmer.
If your organization has already received an invitation to enroll in Delaware’s unclaimed property voluntary disclosure agreement program, and needs assistance in completing the requirements, Keane is available to help. Keane has extensive experience serving as a holder advocate to organizations looking to complete Delaware’s advantageous voluntary compliance program. Contact us at Questions@KeaneUP.com for additional information.