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Handling Uncashed Checks Issued to Defunct Charities: Compliance Considerations
May 1, 2025
Q. Can you void uncashed checks issued to charities and reissue to another charity? I think that would be viewed as us trying to circumvent the escheat laws. In my opinion, if a check was made payable to one charity and they went out of business/didn't cash the check, we would need to escheat it but is there a law/rule around that?
A.
(Answered by Jim Sadik, ([email protected]), a Principal in the Unclaimed Property Solutions practice with the CPA firm of Baker Tilly US,…
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