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UNCLAIMED PROPERTY FOCUS is a blog written by and for UPPO members, featuring diverse perspectives and insights from unclaimed property practitioners across the U.S. and Canada. We welcome your submissions to Unclaimed Property Focus. Please contact Tim Dressen via tim@uppo.org with any questions about submitting a blog post for consideration and refer to our editorial guidelines when writing your blog post. Disclaimer: Information and/or comments to this blog is not intended as a substitute for legal advice on compliance or reporting requirements.

 

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Insider’s View of the ULC Redraft Process

Posted By Administration, Thursday, August 7, 2014
Updated: Thursday, August 7, 2014

Curious what it’s like to be handily involved in the Uniform Law Commission’s (ULC) committee to revise the Uniform Unclaimed Property Act? Carolyn Atkinson, ULC advisor for the National Association of Unclaimed Property Administrators (NAUPA) and West Virginia deputy treasurer for unclaimed property will tell you during the Uniform Unclaimed Property Law Update session at the Holders Seminar – Atlanta, Sept. 17-18.

Twenty two individuals, representing a variety of organizations and stakeholder groups make up the ULC committee. Each individual has a slightly different role, ranging from co-chair to advisor. Advisors represent the interests of a stakeholder group identified as being critical to the revision process. NAUPA has two advisor seats. Atkinson fills one and NAUPA’s immediate past president Beth Pearce fills the second seat.

Atkinson says her role as a NAUPA advisor is to, “develop and solidify the ideas of NAUPA, seek feedback from the [NAUPA] members, attend meetings, research legal issues and coordinate state input.” During ULC meetings, Atkinson is solicited to provide NAUPA’s input on the issues and topics of discussion. 

Though the ULC is still in the beginning stage of the redrafting process, Atkinson comments that she is impressed by the “professionalism and even-handedness” of the ULC . The next step of the ULC is to review the comments submitted by the stakeholders.

If you are interested in learning more about the ULC, the drafting process, and the issue areas the organization will likely consider to redraft attend the Holders Seminar – Atlanta, Sept. 17-18. Atkinson will be co-presenting with UPPO Immediate Past President Karen Anderson.

Register for the Holder Seminar – Atlanta today!

More Resources
View the written comments submitted by UPPO
Join UPPO to ensure your views are represented in the reform process

 

Tags:  Carolyn Atkinson  NAUPA  reform  ULC  unclaimed property 

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