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CALLING ALL DELAWARE CORPORATIONS – ARE YOU COMPLYING WITH DELAWARE UNCLAIMED PROPERTY REPORTING?

7/26/2019 | Articles & Alerts, General

The Delaware Escheator’s chief enforcement tool for companies that don’t comply with Delaware’s Unclaimed Property reporting requirements are “invitation letters.” These letters invite a non-filing company to participate in the Unclaimed Property Voluntary Disclosure Program. Despite the name, these letters are not an invitation at all. Rather, the letter is sent to a company that has been identified by the Escheator as a non-filer. Do not ignore this letter. If it’s ignored after 60 days, the company is immediately selected […]