Escheatable

On September 15, California Assembly Bill 1712 became law. This legislation expands the definition of an "owner" under the Act authorized to make a claim for unclaimed property in the Controller's possession.  In particular, the definition of "owner" was amended to add "a nonprofit civic, charitable, or educational organization that granted a charter, sponsorship, or approval for the existence of the organization that had the legal right to the property prior to its escheat but that has dissolved or is no longer in existence, if the charter, sponsorship, approval, organization bylaws, or other governing documents provide that unclaimed or surplus property shall be conveyed to the granting organization upon dissolution or cessation to exist as a distinct legal entity."  In other words, if the California Controller's office is holding unclaimed property for the American [Charity] Association - LA Chapter, and that entity is dissolved

Labor Day has just passed, the kids are back at school (or will be, shortly) and the (unofficial) end of Summer has passed.  Next up for unclaimed property professionals is the Fall reporting season.  As of today, we are 60 days out from the November 1 reporting deadline in a few dozen states.  Due diligence letters have (hopefully) been sent out, and the process of preparing the Fall reports will now begin in earnest.  As we being the annual crunch to get the reports out the door on schedule, consider if there is anything you can do today to prevent the last minute rush, or to adopt new lessons learned. Need to learn new lessons?  New to unclaimed property reporting?  Consider checking out the Unclaimed Property Professionals' Organization Holder Seminar in Atlanta, Georgia on September 17 & 18.  The agenda can be found here .  As always, the Seminar is designed for beginning and intermediate unclaimed property professionals and address a number of both general and special