Unclaimed property laws, in a nutshell, generally require a "holder" of "property" belonging to an "owner" to report and remit (i.e., turn over) that property to a state government after a statutorily defined period of inactivity (known as the "dormancy period). In many instances, the operation of these concepts is pretty straightforward: If XYZ, Inc. has an outstanding check on its books owed to ABC Corp , and the check has remained uncashed for 3 years (or maybe 5 years, or some other period of time, depending on the state) than that items is statutorily deemed "abandoned" by ABC, and XYZ must report and remit that property to the appropriate state. As with many seemingly simple things, nuances in the factual scenario sometimes complicate this analysis. For example, in multi-party relationships, it is sometimes difficult to determine who is the "holder" of property with the obligation to report and remit to the state. Oth