Former Delaware State Escheator Joins Private Auditing Firm

Last week, we passed along the news that Mark Udinski, the Delaware State Escheator, was retiring from that office.  The Delaware State Escheator is, as the name suggests, the public official primarily responsible for the operation of Delaware's unclaimed property program.  While Delaware has not announced who Mr. Udinski's successor will be, a press release issued by Kelmar Associates indicates that Mr. Udinski has joined that firm.  For those who don't know Kelmar is a privately-held unclaimed property auditing firm routinely engaged by states (especially Delaware) to perform unclaimed property audits of companies on the states' behalf.

No specific word on what Mr. Udinski's particular responsibilities will be, other than the general statement that he will work in the areas of "Practice Development, Marketing, Businsess Development, and Client Relations."

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