"Escheatable" Example Sentences
1. The government has rules in place to determine which funds are escheatable.
2. Any unclaimed property may be considered escheatable.
3. Escheatable funds are typically turned over to the state.
4. The state may hold escheatable funds indefinitely until claimed.
5. Escheatable funds can include dormant bank accounts.
6. Unclaimed insurance policies may also be considered escheatable.
7. Escheatable funds can also include uncashed checks.
8. The specific criteria for escheatable property varies by state.
9. Escheatable property can include stocks or bonds.
10. Any abandoned property may be considered escheatable.
11. The process for claiming escheatable property can be complex.
12. Escheatable funds must be reported to the state annually.
13. Escheatable property can eventually be auctioned off if not claimed.
14. The rules for escheatable property can be difficult to understand.
15. Escheatable property must be handled carefully to avoid legal issues.
16. The amount of escheatable property in the United States is staggering.
17. Escheatable property can affect both individuals and businesses alike.
18. Escheatable property laws can vary significantly by region.
19. If you think you may have escheatable property, it's worth checking with your state.
20. Escheatable property can be a valuable source of revenue for states.
21. Organizations hold large amounts of escheatable property.
22. The process for claiming escheatable property can be time-consuming.
23. Understanding escheatable property rules is important for accountants and financial professionals.
24. Escheatable property laws are regularly updated with new legislation.
25. The rules for escheatable property are often the subject of legal disputes.
26. Escheatable property may include abandoned property left in safe deposit boxes.
27. Escheatable property laws protect the rights of both individuals and organizations.
28. If you're not sure if an asset is considered escheatable, it's best to consult legal counsel.
29. Escheatable property can sometimes be mistakenly reported to the state.
30. The rules for escheatable property are designed to prevent fraud and protect consumers.
Common Phases
- The unclaimed funds in the bank account are
escheatable to the state.
- Any property or assets that are left unclaimed for a certain period of time become
escheatable.
- The company must comply with
escheatable property laws in all states where they do business.
-
Escheatable assets can include stocks, bonds, and even uncashed payroll checks.
- The state treasurer's office is responsible for handling
escheatable property and returning it to the rightful owner.
- It's important for companies to keep accurate and up-to-date records to prevent
escheatable property from being lost.
- The state may hold onto
escheatable property indefinitely until a valid claim is made.
- The process for claiming
escheatable property can vary by state and may require documentation and proof of ownership.