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What is Escheatment Law?

Publication date:
March 8, 2022
Article Summary: 

The article explains escheatment law, which requires employers to turn over unclaimed wages to the state government after a certain period of time. The article discusses how escheatment law applies to payroll and outlines the steps employers can take to avoid penalties and ensure compliance. It also provides examples of states with specific escheatment requirements.


escheatment law, unclaimed wages, state government, compliance, penalties, payroll, state requirements.

Source Citation: 
What is Escheatment Law?
March 8, 2022
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