* Indicates that there are more in-depth rules from the state For more terms and conditions, as well as escheatment laws for different accounts and assets, contact your state department of unclaimed property. If your employee doesn’t cash a payroll check in time, it could become escheated...
Incommunity propertystates, spouses are considered to be joint owners of any property acquired during the marriage and are typically entitled to at least half of the estate. Community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin, a...
and therefore falls under the Federal Disposition Act's escheatment rules, when it (1) is a prepaid written instrument used to transmit money to a named payee; and (2) will inequitably escheat to the holder's state of incorporation under the federal common law's secondary escheatment rule...
The year 2024 has seen a number of legislative developments impacting state gift card compliance issues, including in the unclaimed property and consumer spaces. In particular, states have been actively adopting and changing rules around the escheatment of unused gift card balances, as well as requ...