Keane's Unclaimed Property Blog
The Pennsylvania unclaimed property reporting deadline is fast approaching and recently reduced dormancy periods are in effect. Is your company in compliance and ready to report? Keane invites you to attend our Pennsylvania unclaimed property holder seminar to prepare your company for the upcoming escheat cycle. This is a free educational program providing important unclaimed property […]
During a Delaware Public Media interview (Radio WDDE 91.1 FM) on January 20th, Delaware Senator Bryan Townsend provided insight into Senate Bill 11 (SB 11) which addresses many of the recommendations from the final report of the Unclaimed Property Task Force (UPTF) he co-chaired in Fall 2014. As co-sponsor of the bill, Townsend indicated that […]
In mid-December, 2014, lighting manufacturer Osram Sylvania, Inc. filed an unclaimed property audit-related lawsuit against the Delaware Secretary of the Department of Finance, the Delaware State Escheator and the Delaware unclaimed property audit manager challenging Delaware’s audit estimation and extrapolation practices.
During the first week of the new legislative session, Delaware lawmakers introduced a bill (SB 11) that would implement some of the broad recommendations of the Delaware Unclaimed Property Task Force (DETF). The DETF was created in June, 2014 via Senate Concurrent Resolution #59 which charged the DETF to ”inquire into, examine, study and make […]
In a report dated December 23, 2014, the unclaimed property task force issued its findings and recommendations to the Delaware General Assembly and Governor. The specific recommendations contained within the report are as follows: