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3. Unfortunately, the laws governing the unclaimed money both are complex and change from State to State. Complex for both the Owner on the unclaimed money plus the Holder from the abandoned money. The challenge regarding unclaimed property laws is simply because are complex. Each state possesses its own number of laws. Even if you have only property to report to one state, many states have to have the filing of "negative" reports, meaning it's obligation just as one organization to inform them you've got nothing to report. But you probably have liability to several state, each which consists of own dormancy periods and rules regarding how to report each in the greater than 100 different property types that may become classified as unclaimed property.
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