Arizona Adjusts Dormancy for Proceeds Due Beneficiaries

After a review of their statutes, Arizona has announced a reduction in the dormancy period for property code IN03, Proceeds Due Beneficiaries. This type of property should be reported after 1 year instead of 3 years. This change should take effect immediately. Holders will not be penalized for any due diligence letters that were missed […]

Danielle Herring

Product Manager, UPExchange

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Have a crazy Unclaimed Property story to share?

ETM wants to know. Subscribe to blogger updates here and post your craziest unclaimed property story about reuniting an owner with their property or an overall funny/interesting story regarding the process. To be eligible to win, subscribe to our blogger updates no later than midnight central on March 30th. If you have a story to […]

Danielle Herring

Product Manager, UPExchange

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South Dakota Shortens Dormancy Periods

The governor of South Dakota has signed H.B. 1270 into law, effective 7/1/2012. The bill reduces dormancy for almost all property types from 5 years to 3 years. Click here to view the legislation. Update: I have checked with the state of South Dakota and verified this will not affect 2012 reporting. South Dakota will […]

Danielle Herring

Product Manager, UPExchange

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NAUPA Hosts 2012 National Holder Workshop and Forum

The National Association of Unclaimed Property Administrators is hosting their national holder workshop May 17th and 18th in Albuquerque, New Mexico. This workshop is a great opportunity to learn more about best reporting practices and earn CPE credits for doing so. It also provides the opportunity to network with the states and your peers in […]

Danielle Herring

Product Manager, UPExchange

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Delaware Introduces Due Diligence Letter Requirements

Delaware has never had requirements for sending out due diligence letters, until now. Regulation 965 has been passed and is effective March 31st, 2012. In short, holders with securities related property valued at $250 or more are required to send due diligence letters. The letters must be sent first class mail at least 60 days […]

Danielle Herring

Product Manager, UPExchange

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