# kaal:claim:5454054-035

**Claim.** U.S. escheat obligations under the Revised Uniform Unclaimed Property Act require issuers to report dormant rewards to states after specified periods, so LER needs dormancy mechanisms such as automatic expiration or reversion.

**Type.** condition  **Support.** argued

**Holds when.**

- United States state unclaimed property laws

**Source quote.**

> However, escheat obligations under the Revised Uniform Unclaimed Property Act (RUUPA, 2016) require issuers to report dormant rewards to states after specified periods.

**From.** Wulf A. Kaal, *Liquid Equity Rewards* (2025), Tax, VAT, and Escheat Compliance, page 27

**Cite as.** Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

**Verify.** sha256 of source PDF `9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202025%20-%20Liquid%20Equity%20Rewards.pdf

**Topics.** institutional-design

**Keywords.** escheat, ruupa, unclaimed-property, dormancy, expiration

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