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Under New Jersey law, administrative regulations expire automatically after 7 years unless they are re-adopted. NJSA 52:14B-5.1. Pursuant to that rule, New Jersey's administrative regulations relating to unclaimed property are now up for public comment as part of the readoption process.
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Some Tips on Unclaimed Property Asset Recovery
An often overlooked aspect of unclaimed property law is the fact that most unclaimed property holders are also unclaimed property owners. The same data glitches, human errors, and industry practices that result in a company holding unclaimed property
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Case Headed Back to Federal Court for Consideration of Constitutional Challenges
The unclaimed property saga arising out of the State of Delaware's unclaimed property audit of Univar, Inc.
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Constitutional Amendment Would Create Unclaimed Property Trust Fund to Pay Claims
You may not have heard, but this year is an election year.
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Unclaimed Property Holders Should Take Another Look at Potential Claims
Before getting to unclaimed property news, just a quick word to our readers (both of you!): we hope that you and your families are safe and well during these turbulent times.
The COVID-19 crisis is, first and foremost, a h
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Like other business operations, many holders have found that the COVID-19 crisis has caused a disruption to the process of reporting and remitting of unclaimed property, particularly in those states with a Spring reporting deadline. While holders should check the relevant state unclaimed property a
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Amounts deemed abandoned to reduce from 60% to zero over four year period.
On January 30, the Governor of Maine signed Public Law 553, "An Act Regarding the Presumption of Abandonment of Gift Obligations." Over a four year period, the new law will reduce -- from sixty percent to zero -- the dollar