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#1510330 - 02/15/11 06:16 PM Escheat Laws
osoalone Offline
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Texas
Do the Escheat laws apply to commercial accounts also?

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Audit
#1510385 - 02/15/11 07:21 PM Re: Escheat Laws osoalone
osoalone Offline
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Texas
Sure could use some guidance on this please.

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#1510396 - 02/15/11 07:41 PM Re: Escheat Laws osoalone
edAudit Offline
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Originally Posted By: osoalone
Do the Escheat laws apply to commercial accounts also?


In NY they do.

If you are not getting an answer Escheat laws are state speific, I would post in the state section.
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#1510566 - 02/16/11 03:43 AM Re: Escheat Laws edAudit
Rocky P Offline
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Florida
Also I'm pretty sure that escheat laws are based on where the customer was last domiciled - not the bank's address. If you are in Texas and besides TX have customers in LA, OK and CA, you have to abide by the escheat laws in those states where the customer last resided.

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#1510746 - 02/16/11 04:16 PM Re: Escheat Laws Rocky P
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#1510790 - 02/16/11 05:09 PM Re: Escheat Laws BrendaC
Neytiri Offline
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From what I know from filing in multiple states, pretty much all accounts are included. And don't forget your outstanding official checks and safe deposit boxes too.

And some states require you to file negative reports too, plus a lot of them have different reporting dates so set you up a spreadsheet. And good luck.

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