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 [...]
Register Now for the UP Risk Management Webinar Featuring Jennifer Borden & William King
Post by: Karen Anderson
Unclaimed Property – Responding to Your Growing Risk March 14th — 1pm – 3pm EST. 2 CPE Credits Cash-Hungry States Require You to Take a Proactive Approach towards Compliance! Corporations have become increasingly familiar with [...]
UPRR's Jennifer Borden Addresses Public Co. Unclaimed Property Risk with CFO Journal (video)
Post by: Karen Anderson
In an interview for the CFO Journal last month, UPRR’s Executive Vice President and General Counsel Jennifer Borden explained the unclaimed property risks faced by public companies and the online viagra impact on shareholders. Some of [...]
Life Insurance Death Benefits Class Action Suit Targets John Hancock Companies
Post by: Karen Anderson
On January 30th, a class action lawsuit was filed in the Boston federal court by plaintiff Richard Feingold of Lake County, Illinois, against John Hancock Companies. The lawsuit was filed as a result of Hancock’s [...]
"RIghtful Owners" Extends UPRR's Owner Location Services to London
Post by: Karen Anderson
UPRR now offers its owner location services in the United Kingdom through its new subsidiary, Rightful Owners, Ltd., located in London. Rightful Owners assists in the identification and location of UK investors and/or heirs of [...]
Countdown to 2012 Fall Unclaimed Property Reporting
Post by: Karen Anderson
As many holders are aware, July and August are typically the months for sending state-required due diligence letters. However, it is also the time to make any compliance-related and operational adjustments needed to ensure smooth and timely [...]
Third Circuit Rules that States Barred from Requiring Savings Bond Escheat
Post by: Karen Anderson
In a 65-page opinion issued on June 27th, the United States Court of Appeals for the Third Circuit ruled that states are barred from claiming unredeemed federally-issued savings bonds from the United States Treasury. In [...]
UPRR Congratulates Delaware, Michigan and North Carolina as each Considers Pro-Business Proposals
Post by: Karen Anderson
Over the last few years, there have been dozens of stories on how states have seized unclaimed property as a source of non-tax revenue in order to fill the gaps created by declining state revenues. [...]
North Carolina Bill Would Ban Contingent Fee UP Audits
Post by: Karen Anderson
The North Carolina legislature is considering HB 462 which would prohibit the state treasurer from contracting unclaimed property auditors on a contingent fee basis. Specifically, the bill language states that the treasurer, who is the [...]
Michigan Adds New Business To Business Exemption
Post by: Karen Anderson
On May 24th, Michigan Governor Rick Snyder signed into law HB 4563 which will exempt common business transactions between two or more businesses from Michigan unclaimed property laws. Any credit balances, overpayments, deposits, refunds, discounts, [...]
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