Ideas & Insights

Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Delaware letters advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Delaware notices advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Colorado adopts RUUPA with minor variations; shortens dormancy for many property types, and eliminates the standard deduction.

Anticipated regulations address unclaimed property examinations; create deadlines for holders to convert examinations and enter into VDAs.

Retailer merchandise credits were similar to “gift certificates” and not subject to escheat under state’s unclaimed property law.

The budget increases personal and corporate tax rates, makes tax exemption and credit changes and revises the unclaimed property law.

Changes to recent unclaimed property legislation provide for various technical clarifications, additional time for adoption of regulations.

Delaware enacts major unclaimed property reform, incorporating provisions from the RUUPA and addressing current challenges.

Twenty-three states challenge the escheat of MoneyGram official checks, claiming instruments should have escheated to state of purchase.

Complaint that Delaware’s unclaimed property law was preempted by federal law and audit requests were illegal search and seizures dismissed.

Statement by Delaware Secretary of State to unclaimed property holders in voluntary disclosure provides changes in light of Temple-Inland.

Federal District Court finds that Delaware’s unclaimed property methodology and audit techniques violate substantial due process.

States are now auditing smaller companies. Clubs that don’t report and remit their unclaimed property may be targeted.

A significant unclaimed property decision by a California court may indicate a refund opportunity for retailers. Are there opportunities elsewhere?

U.S. Supreme Court denies certiorari in a case challenging California’s unclaimed property owner notification and escheatment requirements.

Michigan enacts unclaimed property bill that provides a de minimis exception and allows certain holders to elect into a streamlined audit process.

Delaware enacts significant unclaimed property reform bill; permanently extends voluntary disclosure program.

U.S. District Court allows unclaimed property holder to continue suit alleging Delaware’s escheat estimation methods violate the U.S. Constitution.