Unclaimed property procedure

May 22, 2019

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Q. I want to create a process for handling and reporting unclaimed property. Can you provide me with suggestions? A. You are wise to go about starting your Unclaimed Property process thoughtfully! Industry estimates indicate that just 20 percent to 25 percent of organizations are fully compliant with unclaimed property laws.If your company holds money or property that goes unclaimed for a specified period of time without the owner being located (the “dormancy period” is usually three to five…

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