UPPO's Advocacy Efforts
UPPO is actively involved in the Uniform Law Commission's (ULC) redrafting of the Uniform Unclaimed Property Act. The organization is representing the holder community by participating in drafting meetings and submitting feedback and written recommendations to the ULC.
Uniform Law Commission's Role in Unclaimed Property
This will be the Uniform Law Commission's (ULC) fourth attempt to revise and update the Uniform Unclaimed Property Act (UUPA) since 1954. The most current UUPA was published in 1995, and has been adopted by only 14 states. With the low participatory rate, technological developments, and the potential of new property types, the ULC decided to once again revise the UUPA.
The ULC is comprised of 12 members, six advisers, one reporter, and two staff liaisons. The committee is currently accepting stakeholder feedback in written form, and various organizations have submitted their feedback which will be considered during their next drafting meeting.
|Submissions to ULC
Written Recommendations submitted to ULC in June 2014
Supplemental Submission to the ULC made in October 2014
December 2014 supplemental submission to the ULC
Issues Refinement document submitted to ULC in September 2014
Stakeholder submissions to ULC redrafting committee
Additional Documents & Submissions
Amicus Curiae Brief submitted to the U.S. Supreme Court regarding the Taylor v. Yee Petition for Writ of Certiorari
Submitted Delaware Audit Manual Recommendations
Letter to Nevada State Treasurer regarding new consolidated reporting policy
Letter to Michigan Senator Brandenburg regarding HB 4703
Letter to Texas Rep. Raney regarding TX H.B. 1454
Recommendations submitted to Delaware Unclaimed Property Task Force
Recommendations submitted to Michigan Department of Treasury regarding proposed audit rules
White Paper: Realities of the Unclaimed Property System and Why Reform is Needed