@BrianRoemmele @eric_research Supreme Court ruling laid out priority rules for which states' unclaimed property laws apply w/ gift cards
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Replying to @__JasonMarshall
@BrianRoemmele@eric_research 1st priority = consumer's address if known by "issuer".1 reply 0 retweets 1 like -
Replying to @__JasonMarshall
@BrianRoemmele@eric_research retailers can issue cards out of a legal entity based outside NY. This entity doesn't know consumer's address.2 replies 0 retweets 0 likes -
Replying to @__JasonMarshall
@BrianRoemmele@eric_research so 1st priority doesn't apply. 2nd priority, state where the legal entity issuing cards is based.1 reply 0 retweets 0 likes -
Replying to @__JasonMarshall
@BrianRoemmele@eric_research sell cards in NY, but issue cards from a state where gift cards are excluded from reporting requirements.2 replies 0 retweets 0 likes -
Replying to @__JasonMarshall
@__JasonMarshall@eric_research You may want to tell the lawyers representing large retailers. They urge compliance.pic.twitter.com/phClAXy2wp
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Replying to @BrianRoemmele
@BrianRoemmele@eric_research what I described is compliance. As well as efficient use of corporate structures.1 reply 0 retweets 0 likes -
Replying to @__JasonMarshall
@__JasonMarshall@eric_research As I mentioned. This vail has been pierced. Confirmed today with the payments lead at a large retailer.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@eric_research nope. Have that person contact me & I'll send them to 2 firms that can structure properly.2 replies 0 retweets 0 likes -
Replying to @__JasonMarshall
@BrianRoemmele@eric_research w/ proper corp structure only new Supreme Court ruling can change breakage priority rules. I lived/live this 11 reply 0 retweets 1 like
@__JasonMarshall @eric_research I hear ya. But has not stopped NY from collecting. Understand I do not feel states own this property.
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