Is it possible to escheat early if a vendor is no longer in business?

February 18, 2021


Q.¬†We are a bit behind on clearing some items that should be escheated and looking to reduce our workload for the upcoming years. We had a few checks for a company that needed to be escheated in 2020. As we are working on 2021 escheatment and beyond, we find the same vendor that comes up consistently. If we deemed a company is no longer in business, are we able to escheat these funds that would normally be due to be escheated in 2021 or 2022 early, or do we need to wait the full three-year…

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