NEW YORK, Jan. 20 /PRNewswire-USNewswire/ -- The Unclaimed Property Professionals Organization (UPPO) will hold their annual conference to focus on compliance with state unclaimed property laws March 8-10, 2010 in Orange County, California.
This Year's Annual Conference offers the opportunity for you to:
- Network with a strong, vibrant community of over 400 professionals and subject matter professionals in this field
- Select from three tiered session tracks targeted toward beginner, intermediate and advanced
- Attend comprehensive sessions and panel discussions relating to recent statutory administrative and legal trends impacting unclaimed property compliance
- Address your questions and network with various state unclaimed property representatives
- Participate in industry specific group discussions where you can network with others in a similar business area and gather useful best practices in a small group setting
- Learn recent state enforcement efforts and best practices for managing an unclaimed property audit
- Meet a wide variety of vendors and service providers at our trade show expo
The perfect unclaimed property storm has been created by recent changes in various state laws, increased litigation further defining relevant property types, and temptations to utilize unclaimed property receipts as a resource for balancing state budgets. Every company has an obligation to track, research, perform due diligence and report unclaimed property to appropriate regulatory jurisdictions. Complying with unique state laws can be extremely difficult given the challenges of reporting to multiple jurisdictions and confusing statutory requirements.
Several legislative and operational challenges are also creating a harsher environment for businesses that have unclaimed property reporting responsibilities:
- Dormancy periods continue to decrease in length in several states
- Many states are challenging their obligation to pay interest on reimbursement claims
- States are transferring more money from the unclaimed property fund to help balance frail state budgets in an effort to help stabilize the general fund
- Federal intervention and guidelines impacting unclaimed property compliance are becoming more common
- States are increasing their enforcement of unclaimed property laws and are contracting with third-party firms to perform audits and examinations
This conference is the premier venue to address your questions and provide guidance with solutions on how best to ensure compliance, reduce the risk of a potential audit and implement proper controls.
UPPO is a nonprofit, membership association committed to providing unclaimed property information, news, education and advocacy. UPPO members represent a large and diverse cross-section of companies from all industries including, but not limited to, manufacturing, healthcare, oil and gas, utilities, retail, insurance and financial services.
SOURCE Unclaimed Property Professionals Organization