State dormancy periods for escheatment

October 15, 2021

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Q.¬†California's dormancy period is three years; however, the funds we need to escheat belong to other states. My question is, when filing a holder report do we use the 3¬†years for CA or that particular state's dormancy period? If we use that state holder's dormancy period instead of California's, then we would be holding the funds on our books for more than 3 years for some states. A. (Answered by True Partners Consulting LLC, a 3rd party, independent advisory services firm offering experienced…

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