Unclaimed Property: Is your organization playing checkers when you could be playing chess?

Sponsored By MarketSphere Consulting

Topics:

Banking & Capital Markets > Alternative Finance

Finance & Risk Management > Supply Chain

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Abstract:

Escheatment has roots that date all the way back to British common law during the Medieval times. The King believed that property that became abandoned should become his. Accordingly, escheat laws were put in place and enforced. English escheatment laws were only applicable to real property, but American colonists expanded the law to cover both real and personal property. Escheatment legislation evolved over the course of time and has undergone numerous efforts to standardize the rules across the states. Today, every state has adopted some version of legislation that calls for abandoned property to be turned over to the state.

DETAILS

Sponsored by: MarketSphere Consulting

Released: January 21, 2009

Length: 16 pages

Format: PDF (589 kb)

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