On October 11, California enacted SB 822 amending its Unclaimed Property Law to clarify that “digital financial assets,” as defined in Cal. Fin. Code § 3102(g), are a form of intangible property ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

New York Assembly Bill 8314, introduced on June 13, 2019, would provide for the escheat of virtual currency. The bill, which also directs the comptroller to create regulations establishing when ...

Charles J Read is a CPA, USTCP, author of The Payroll Book: A Guide for Small Businesses and Startups, and the Founder of GetPayroll. If your company issues payments of any type to anyone and just one ...

There are all sorts of reasons you might have lost track of money. Think of a time you switched jobs but didn’t roll over your work-sponsored 401(k) account. Or perhaps you took the money in your ...

What should happen to hundreds of millions of dollars in unclaimed money? That's what was at stake in Delaware v. Pennsylvania and Wisconsin. Today, the Supreme Court ruled against Delaware, holding ...

AT&T Inc. will not be required to comply with a subpoena filed by the state's Department of Finance last year as part of an ongoing audit. In a rare Court of Chancery action addressing enforcement of ...

Just as nature abhors a vacuum so the law abhors a vacant ownership of anything. In the U. S. the States are the original and ultimate proprietors of all lands within their jurisdictions. And the ...

States are getting more aggressive claiming abandoned property to use for state purposes, a process known as escheat. But sometimes the holdings don't feel so abandoned to the people who own them.

Each year billions of dollars’ worth of property is abandoned all over the U.S. When that property is something as tangible as buildings or land, there is no question about who takes it over. The ...

Note: This original episode ran in 2020. Escheat show (Update) Walter Schramm did everything right as an investor — at least according to the philosophy of Warren Buffett. So how come he lost a small ...