FinOps Report weighs in on the headaches that new unclaimed property laws may cause in Delaware, Illinois
The FinOps Report, which attempts to dig deep into issues facing U.S. and global financial services professionals, has weighed in on the proposed new unclaimed property laws in both Delaware and Illinois.
Jennifer Borden was quoted throughout the article, particularly on Delaware’s attempts to escheat shares of foreign shareholders, even if the foreign address is known. She also discusses Illinois’ confusing trifurcated system that will require transfer agents to make significant system updates to monitor the three-tiered escheatment requirements.
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