Uniform Law Commission, Delaware Release Draft Unclaimed Property Guidance

Overview


Diann Smith said Delaware’s proposed examination manual for unclaimed property audits is overly broad and fails to address the real challenges holders encounter in the process. “These [proposals] are great if they’d come out 10 years ago because they address an audit process that 10 years ago was just developing and confusing to a lot of holders,” Ms. Smith said. “But now the audit process is so engrained.”