According to a US Supreme Court decision (Texas vs. New Jersey, 379 US 674, 1965), the unclaimed property is returned to the state of the property owner's last known address. If no address is known, it is returned to the state in which the business holding the funds is incorporated. ...
There's a lot going on in the statehouses, and the list above should serve as a reminder that it's not going to slow down any time soon. Quite simply, ignoring unclaimed property compliance is no longer an option. The states are casting a wider net in their search for more funds, so...
The funds from an uncashed payroll check should never be returned to the company's payroll checking account. Employers must keep the funds available to pay the employee or to submit to the state.Q: Are Unclaimed Payroll Checks Subject To Unclaimed Property Laws?A: Yes. Unclaimed paychecks are...
Financial Institutions, Non-Life Insurance Companies, Mutual Funds, and Govt Entities Indiana May 1 Life Insurance Companies November 1 All except Life Insurance Companies Iowa November 1 All Companies Kansas May 1 Life Insurance Companies November 1 All except Life Insurance Companies Kentucky Ma...