California has passed SB 495. This caused changes to the unclaimed property law, including rules for escheating intangible personal property held by fiduciaries.
Keane has a great summary of the changes in their latest newsletter. You can view the newsletter
here. Keane releases their newsletter quarterly. I would recommend you sign up to receive the newsletter going forward. You can also browse through the archives. I'm sure you'll find a lot of very useful information.
California just released the updated legislation in a PDF format. You can view the California law
here.
Author: Danielle Herring
Product Manager, UPExchange
Labels: UP Legislative Updates
