Appealing an unclaimed property assessment: Part II

The rules for appealing an unclaimed property assessment in Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, and Idaho are examined. As a result of the various drafts of the Uniform Unclaimed Property Act (enacted in 1954, with new versions in 1966, 1981, and 1995) and the changes made by various state legislators prior to enacting the Acts, there is no comprehensive state unclaimed property appeals procedure. Therefore, each jurisdiction's rule must be addressed in determining the appropriate course of action in the event that the corporation receives an assessment by a state treasury or auditor, the accuracy of which it disputes.