North Carolina Unclaimed Property Reporting Changes: HB 692 Signed Into Law

Posted on Wednesday, 29th June 2011 by Keane Unclaimed Property Team

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Please be advised that on June 23, 2011, the Governor of North Carolina signed HB 692 into law reducing dormancy periods and amending the requirements of the North Carolina unclaimed property report. The changes are as follows:

  1. The dormancy period for “wages and other compensation for personal services” has been reduced from 2 years to 1 year.

  2. This bill makes the following North Carolina unclaimed property reporting changes:

  1. Removes the NAUPA reference from the statute so that electronic formats are now simply "prescribed by the Treasurer."

    2. Read More »

Posted in: Legislative Alerts | Comments (0)

California Unclaimed Property Penalties & Notices Catching Many Companies Off-Guard

Posted on Thursday, 14th April 2011 by Keane Unclaimed Property Team

We’ve seen the word “escheatment” achieve a new level of notoriety over the past several months, and it’s largely due to the recent wave of unclaimed property penalties and notices that have been sent out by the State of California Controller’s office.

These interest assessment notices are the result of a recent internal review by the Controller’s office to identify “past due” property that had been reported and was included on the unclaimed property reports filed since 2007. Read More »

Posted in: Escheat Law, Escheatment, Legislative Updates, State Escheatment, Unclaimed Property | Comments (0)

Quick Guide: Delaware Escheat & Unclaimed Property Laws

Posted on Tuesday, 24th August 2010 by Keane Unclaimed Property Team

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 »

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)