The Uniform Unclaimed Property Act addresses all unclaimed intangible property along with all unclaimed bank safe deposit box contents.
• general ledger & securities
– Requires Holders to perform Due Diligence/Search Letter Mailings
• Look for Owner prior to reporting property to appropriate State.
– Requires Holder to generate reports in the required formats and submit to to the appropriate States in a timely fashion along with the remittance.
– Relives Holder of any future liabilities on that property.
For further clarification and compliance information regarding State unclaimed property reporting, please reach out to the professionals at PEACC.com at 410.303.5510 or email us at info@peacc.com
