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Alert: CFOs & Corporate Tax Departments of Delaware Corporations

CFOs and corporate tax departments of Delaware corporations beware:

Delaware’s unclaimed property liability disclosure period ends June 3, 2014. See  the announcement below for details. You may reduce your company’s liability very substantially.

Delaware VDA Program Alert
http://delawarevda.businesscatalyst.com/Forms-and-Documents/Delaware-VDA-Program-Alert-6-3-13.pdf

Your company may have substantial unclaimed property liability to Delaware whether or not you have and office or transact business in Delaware. For a good primer and warning about the issues, see the article Unclaimed Property: Basics and New Developments by Stanford Stevenson on p. 14 of the issue of Delaware Lawyer below:
http://www.delawarebarfoundation.org/wp-content/uploads/2013/03/Vol-30-No2-Fall-2012.pdf

in RJP's Corporate Bankruptcy / Corporate Liquidations Blog, Unclaimed or Abandoned Property

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