Blog
Delaware Chancery Rules Against Staples in Escheat Case Regarding Unclaimed Rebates
Posted on Feb 8, 2012 by JMS Advisory Group |
Februrary 2, 2012 – Staples, Inc. lost its challenge to Delaware’s unclaimed property law, wherein it argued that rebates are not an escheatable type of property under Delaware Escheat statutes. The Chancery Court determined otherwise, ruling that whether “rebates” are in...
Tagged: delaware escheat, delaware audit, delaware unclaimed property, staples escheat
In Re: BOYD - Property Locators & Bankruptcy Proceedings
Posted on Feb 7, 2012 by JMS Advisory Group |
Interesting that the court affirms other rulings that permit asset recovery firms & their agents to make claims for unclaimed property in the various courts – but there’s a limit to the leniency…once things get too “complex”, counsel is required. Opinion Here
Tagged: asset recovery, bankruptcy funds, bankruptcy proceedings, unclaimed property
The 55th Jurisdiction?
Posted on Feb 7, 2012 by JMS Advisory Group |
As reported by the Saipan Tribune: Gov. Benigno R. Fitial just signed into law The Escheat Act of 2011 – which allows the government of the Commonwealth of the Northern Mariana Islands (“CNMI”)to have access to dormant or inactive bank accounts, and unclaimed funds for the acco...
Tagged: unclaimed property reporting, unclaimed property compliance, escheat reporting, banks escheat
State of Wash. Pays 108,441 Claimants in 2011
Posted on Feb 3, 2012 by JMS Advisory Group |
Which, according to the Washington DOR, is due in large part to a sharp increase in businesses reporting unclaimed property to the state. View Article Follow us on twitter – get these updates & stories pushed straight to your account! @escheatexpert
Tagged: unclaimed property, escheat, washington escheat, missing money
Two Insurers Sued Over Unclaimed Policies
Posted on Jan 25, 2012 by JMS Advisory Group |
This might be a new low for asset recovery firms, although if it works, who can blame ‘em? That’s serious money… http://on.wsj.com/ynyaX5. Follow us on twitter @escheatexpert, and get stories like this fed directly to your account:
Tagged: asset recovery, unclaimed property, unclaimed life insurance, life insurance escheat, whistleblower
