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Policies and Procedures Insights

Delaware Starts Unclaimed Property Compliance Reviews (Different from Audits)

By now, many are aware that the State of Delaware is increasing the issuances of unclaimed property voluntary disclosure agreement (“VDA”) invitation letters to companies.  Offering the option of a VDA is a step that the State is required to take prior to issuing an audit notice under Del. Code Ann. tit. 12, § 1172.  Companies that ignore these invitations are receiving audit notices in as few as three days […]

March 19, 2019

The New Unclaimed Property Act – 10 Questions Companies Ask About RUUPA

Recently there’s been a number of states updating, or completely rewriting, their unclaimed property statutes.  Often, changes to the statutes are described as being “based on RUUPA” or “using RUUPA-style language”, leaving many companies wondering what “RUUPA” means, and more importantly, how will it impact them.  Below, we’ve tried to briefly answer some of the more common questions most companies have about RUUPA. 1. First, what exactly is RUUPA?  The […]

March 15, 2019

UPPO 2019 Annual Conference

This year’s agenda features four education tracks, industry-specific education, and networking opportunities in social and professional settings. And don’t miss these sessions led by TPC Speakers: Non-Delaware Voluntary Compliance – Jim WeigandMonday, March 25th, 10:15am – 11:15am Mock-Trial – Cathleen BucholtzTuesday, March 26th, 8:00am – 9:00am Third-Party Auditor Differences – Steven SwaigenbaumTuesday, March 26th, 4:15pm – 5:15pm Retail/Hospitality Industry Breakout Sessions – Matthew ChenowthMonday, March 25th, 8:45am – 9:45amWednesday, March 27th, 8:30am – 9:30am

March 6, 2019