As discussed in the June 26, 2012 True Alert, every company generates unclaimed property, which is any intangible property that is owed by the company and has gone unclaimed for a specific period of time by the rightful owner. The company in possession of the unclaimed property, also known as a “holder” has a legal responsibility to report and remit that property to the appropriate state. There is generally no statute of limitations on a holder’s unclaimed property liability. Therefore, a holder’s state of incorporation can estimate a holder’s potential liability for periods where actual records are not available. Because many companies are incorporated in Delaware (“State”), the new Delaware Voluntary Disclosure Agreement (“VDA”) program enacted on July 11, 2012, with the passage of Delaware Senate Bill 258 is potentially significant to a number of companies that are not in full compliance with the state’s unclaimed property laws.