Lost & Found: UPPO Events, Wisconsin Hits the Road, Missouri Shows Haul

UPPO Holder Seminar Coming in July -- For those of you in the Pacific Northwest, the Unclaimed Property Professionals' Organization will be holding a Holders' Seminar on July 16-17 in Seattle, Washington.  The Seminar will cover a variety of beginner and intermediate relating to unclaimed property reporting, audits, and legislative changes.  The agenda can be found here.  As we've mentioned several times, the UPPO is a fantastic resource for unclaimed property professionals.  If you are interested in learning more and can make it to Seattle, it will be well worth it.  If you just can't wait until July for your dose of UPPO-y goodness, they are sponsoring an April 30th webinar to provide "the State's Perspective" on unclaimed property.  More info can be found here.

Wisconsin Treasurer on Unclaimed Property Tour -- According to the Wisconsin State Treasury Blog (a must read for Badger State residents), Wisconsin State Treasurer Kurt Schuller will be going on "tour" across Wisconsin to publicize the state unclaimed property program.  Details can be found here.  (Also worth checking out on the blog is Treasurer Schuller's unclaimed property commercial).

Missouri Video Tour of Unclaimed Property Collections -- Missouri State Treasurer Clint Zweifel is no stranger to unique reunification efforts (or this website!).  Now, the Show-Me-State Treasurer posted a video tour of the items collected in this year's haul of safe deposit box collections.  From jewelry, baseball cards, memorabilia, to some more . . . (ahem) esoteric items. Go check it out.

Comments

Post a Comment

Popular posts from this blog

Unclaimed Property 101 Part 2 ("Where") - Jurisdiction - What State Makes the Rules?

Today, we are going to continue our break from the New Jersey gift card saga and take a step back to first principles by continuing our new feature to the blog:  "Unclaimed Property 101."  In these articles, we will provide a primer on the basic unclaimed property laws and policies that govern an unclaimed property holder's (or owner's) rights and responsibilities.  While this represents a departure from our gift card discourses, it is not entirely unrelated.  Indeed, most of the ink spilled for and against New Jersey's gift card legislation relates to the law's requirement that gift card sellers collect the purchaser's name and address (or at least zip code) information at the time of purchase.  Why does the law do that?  Good question.  Here's the answer: In the beginning . . . . In the beginning, there were no set rules for determining which state had the primary right to take custody of unclaimed property.  In many situations -- for example, a
Read more

Delware and Temple Inland Settle - Questions to Remain Unanswered

In late June, 2016 a Delaware federal court issued a decision ruling that Delaware's unclaimed property audit and estimation practices "shock[ed] the conscience" of the court and likely violated the due process rights of Temple Inland (a Delaware company being subjected to an unclaimed property audit on Delaware's behalf by a private auditing firm).  While the court's holding was big news in the unclaimed property industry and signaled potentially seismic changes in the way unclaimed property audits are conducted, the real work was left to be done:  the Court expressly left open the issue of how Delaware's violations were to be remedied. Even with this important step left to be taken, the holder community was understandably excited that -- finally -- there would be some answers concerning (a) the interplay between estimation and availability of records; (b) the proper methods for calculating and sourcing historical unclaimed property liabilities; and (c) t
Read more

Unclaimed Property in the Caribbean (Part III) - The Jamaica Banking Act

We've discussed unclaimed property laws in the Caribbean a few times (see  here and  here ), and now we add Jamaica to the list.  As noted in a recent article published by the Jamaica Information Service , "[t]housands of unclaimed bank balances amounting to millions of dollars, with sums in these accounts ranging from nearly $2 million to just over $500, are to be remitted to the revenues of the government." Under the  Jamaica Banking Act , banks are required to annually report all outstanding checks, drafts, and debts of the bank that have been outstanding for 7 or more years and all dividends remaining unpaid after 5 years.  The banks are permitted to retain custody of the property for 15 years.  Thereafter, the Minister of Finance is to publish notice of the abandoned assets, and after one year the property "shall lapse to and become part of the revenues of Jamaica."
Read more