Caution: Don’t expect a state to routinely
accept a Voluntary Disclosure Agreement (VDA) and settlement of your
outstanding unclaimed property liabilities without question or audit. A
number of states, including Delaware, provide VDA programs for holders
with unclaimed property liabilities. However, the recent settlement of a
case in Delaware Chancery Court illustrates holders must exercise caution
and perform their own due diligence prior to participating in these
programs.
