Wisconsin Unclaimed Property Program May Move from the State Treasurer’s Office to the Department of Revenue
Post by: Karen Anderson
On May 15, the Wisconsin legislature’s Joint Finance Committee voted to move the unclaimed property program from the Wisconsin Treasurer’s office to the Department of Revenue, a department under the authority of the Wisconsin Governor. [...]
UPRR’s Will King Reports: New Calls for Delaware to Change Its Ways
Post by: Karen Anderson
This week saw two media outlets publish calls for the State of Delaware to change the way it enforces its unclaimed property laws and interacts with holders. The first was an op-ed in Forbes by [...]
Illinois Bill Increases Info to be Reported for Small Unclaimed Property Amounts
Post by: Karen Anderson
A bill recently passed the Illinois Senate that, if enacted, will cause businesses to report the name, social security number and last known address of owners of unclaimed property valued at $5.00 or more. The [...]
A Message from Bob Irvine: Boston Forever Strong!
Post by: Karen Anderson
Dear Friends: As many of you know, UPRR opened the doors to its first Boston office at 715 Boylston Street three years ago. The decision was a natural one for us: with so many personal [...]
Will King Reports: New Case in Delaware Challenges Unclaimed Property Demand and Audit Methodology
Post by: Karen Anderson
A new lawsuit is once again exposing long-held concerns about certain aspects of Delaware’s aggressive unclaimed property audit program. Select Medical Corp., a Pennsylvania-based hospital and clinic operator, is challenging Delaware’s demands that it pay [...]
Do we need a new Uniform UP Law? Committee to study issue this month.
Post by: Karen Anderson
In January, the Uniform Law Commission (ULC), an association established in 1892 and composed of lawyers who draft model/uniform statutes in critical areas of state law, approved the appointment of a Study Committee to consider revising or amending [...]
Court Upholds Retroactive Application of Kentucky Life Insurance Match Law
Post by: Karen Anderson
On April 1st, a county circuit court in Kentucky ruled against life insurers and upheld the new Kentucky Unclaimed Life Benefits Act requirement for life insurers retroactively to match life insurance policies to the Social [...]
Corporate Social Media Use Approved By The SEC
Post by: Karen Anderson
Corporate Social Media Use Approved by the SEC Earlier this week, the Securities and Exchange Commission (SEC) gave permission for the use of social media such as Facebook and Twitter to disclose key information so [...]
Nevada Legislature Considering Pro-Business Unclaimed Property Legislation
Post by: Karen Anderson
On March 18th, Senate Bill 355, a pro-business piece of legislation was introduced into the Nevada legislature. The bill contains several changes to the Nevada Uniform Unclaimed Property Act (the “Act”) that provide relief to [...]
Jennifer Borden Reports: Retailers Facing Unclaimed Property Issues Around Unclaimed Gift Cards
Post by: Karen Anderson
We’re a few months removed from the holidays and, once again, gift cards were one of the top gift items of the season. From Yankee Swaps to the last minute gift for your babysitter, it’s easy to [...]
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