As domestic energy production has boomed over the last several years, an affiliated risk item has been growing on the books and records of oil and gas firms. Specifically, the unpaid amounts associated with suspended and/or unknown owners creates “unclaimed property” for a company.
The Keane compliance team has received personal confirmation from Delaware Governor Jack Markell’s office that on July 22, 2015, Delaware Senate Bill 141 was signed into law. This legislation modifies Delaware’s unclaimed property laws in accordance with the recommendations of the Unclaimed Property Task Force created pursuant to Senate Concurrent Resolution 59. The bill amends […]