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The 1954 UUPA has been updated twice with the most current being the 1995 version.
Virgin Islands have adopted the UUPA model, and unclaimed property rules tend to vary greatly from state to state.
The 1995 UUPA was designed to clarify the issue of the identity of the debtor when payments by intermediaries such as banks, brokers, or depositories serving as the record owner of securities are at stake.
"Plano ko sa dating hall of justice, ipapa-upa ko kung may uupa. Dating public market kasi 'yun," he said.
Early in 2015, NACM joined on with the America Bar Association, NACM North Central, the Unclaimed Property Professional Organization (UUPA) and the Coalition of State Taxation in urging the Uniform Law Commission (ULC) to add a business-to-business (B2B) exemption for business associations involved in the ordinary course of business.
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