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News & Press: Legislative News

ULC Releases Draft of Revised UUPA

Tuesday, February 17, 2015   (0 Comments)
Posted by: Emily Lee
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The Uniform Law Commission (ULC) released a draft copy of the revised Uniform Unclaimed Property Act yesterday afternoon, in preparation of its meeting in Washington D.C. on Feb. 27 - 28.

 

The draft is 68 pages in length and addresses a number of issues, such as record retention, contract auditors, defining gift cards and owner address, along with many others. UPPO leadership is currently reviewing the draft and will report soon, as to how UPPO's positions have been incorporated into the draft.

 

If you are interested in learning more about what was discussed at the November 2014 ULC meeting, read this post. Or if you want to learn how UPPO has positioned itself on the issues visit the Advocacy page.


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