A Sweet Source of Revenue for the States

September 26, 2014


Today, all 50 states, Guam, Puerto Rico, the Virgin Islands, and the Canadian provinces of Alberta, British Columbia, Ontario, and Quebec have unclaimed property laws on their books. Unclaimed property laws are considered "custodial" in nature. This means that the property remitted or transferred to a state, as required under its unclaimed property laws, is...

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