Posted on Thursday, 2nd September 2010 by The Keane Organization

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Are you interested in cost risks of unclaimed property compliance in Arizona?

Here you will find valuable knowledge pertaining to Arizona State escheat and unclaimed property laws.

Should there be a specific question that we fail to answer here, we’re ready and willing to provide our insight.  To submit your inquiry and get more information, fill out this brief form below or get in touch directly with the Arizona Unclaimed Property Unit.

Aspects of Arizona Unclaimed Property and Escheatment Law

Listed here are several aspects of Arizona unclaimed property and escheatment law to keep in mind in order to avoid interest and penalties: Read More »

Tags: Abandoned Property, Abandoned Property Law, Arizona, Best Practices, Dormancy Periods, Escheat Law, Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting
Posted in Abandoned Property, Abandoned Property Law, Best Practices, Dormancy Periods, Escheat Law, Escheatment, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting | Comments (0)

Posted on Tuesday, 24th August 2010 by The Keane Organization

Would you like to learn some of the core concepts of escheatment and unclaimed property laws which apply specifically to Delaware?

This page provides key information regarding to Delaware State escheat laws concerning reporting & compliance.
Read More »

Tags: Abandoned Property, Abandoned Property Law, delaware, Escheat Law, escheatment law, Unclaimed Property Law
Posted in Abandoned Property, Abandoned Property Law, Dormancy Periods, Escheat Law, Escheatment, Other News, Unclaimed Property, Unclaimed Property Compliance, Unclaimed Property Law, Unclaimed Property Reporting | Comments (0)

Posted on Thursday, 19th August 2010 by The Keane Organization

Time and time again at Keane, advisory firms will come to us in an effort to avoid dormant account escheatment by finding a client who has essentially disappeared.

Maybe they’ve moved to a new address without notifying their investment firm, perhaps they’ve removed the IRA from their brokerage account or even passed on. Nonetheless, no matter what the situation, firms are constantly trying to track down clients whose accounts are inactive or even dormant. Read More »

Tags: Dormancy Period, Dormant Account, Escheatment
Posted in Dormancy Periods, Escheat Consulting, Escheatment | Comments (0)

Posted on Friday, 16th July 2010 by The Keane Organization

Recent legislative, regulatory and legal developments that occurred during the month of June 2010 in the areas of state unclaimed property law and regulation are summarized below, by state and by topic:

Unclaimed Property Reporting Laws: State By State Changes

Delaware Unclaimed Property Reporting

SB 272

Introduced 5/13/10, Passed Senate 6/22/2010, Passed House 6/29/2010.

Section 1 of the Act provides for an administrative review process at the conclusion of an unclaimed property examination. This review process may be invoked at the option of the unclaimed property holder. It will allow the holder to file a written protest, submit additional information in support of the protest and request that the Audit Manager reconsider the Department’s findings following an examination.

Section 2 of the Act creates a limited exemption from the definition of property for abandoned property purposes that arises from transactions between merchants covered by the Uniform Commercial Code where, for whatever reason, a merchant holder receives goods for which the holder was never invoiced by the seller. Read More »

Tags: Dormancy Periods, Escheat Law, Legislative Updates, State Escheatment, State Escheatment Laws, Unclaimed Property Reporting
Posted in Dormancy Periods, Escheat Law, Legislative Updates, State Escheatment, Unclaimed Property Reporting | Comments (0)

Posted on Wednesday, 23rd June 2010 by The Keane Organization

This post details a recent change in Indiana unclaimed property law that reduces dormancy periods & will effect reporting as of November 1, 2011. If you have specific questions or would like personalized guidance, please contact an unclaimed property consultant.

On March 17th the Governor of Indiana signed HB 1083 into law, with an effective date of July 1, 2010. The following dormancy periods were reduced from five years to three years: (1) A demand, savings, or matured time deposit. (2) Property payable as a result of a demutualization, rehabilitation, or related reorganization of a mutual insurance company. (3) All other property not otherwise specified under the act (catch-all provision). Read More »

Posted in Dormancy Periods, Escheat Law, Legislative Alerts, State Escheatment, Uncategorized, Unclaimed Property Law | Comments (0)

Posted on Thursday, 3rd December 2009 by The Keane Organization

This post is to advise that on 11/23/09, the Arizona Legislature passed SB 1003 reducing dormancy periods for purposes of unclaimed property reporting.

The new legislation reduces dormancy periods for all property types by one year, except the dormancy period for travelers checks will be reduced from 15 to 3 years (an amendment is pending to revert back to 15) and the dormancy period for money orders is to be reduced from 7 to 3 years. Read More »

Posted in Dormancy Periods, Legislative Alerts, Unclaimed Checks, Unclaimed Money Orders | Comments (0)