Pennsylvania State Treasurer audits the the well known ketchup Company to find it owes about $500,000 in unclaimed property.
State treasurer Robert Casey said the Pittsburgh-based food maker failed to fully report $353,220 in accounts payable checks and $157,290 in uncashed payroll checks.
Also found in the audit which covered January 1, 1993 to December 31, 2001 were 2,364 shares of commons stock unreported. This is stock that was abandoned by shareholders for various reasons.
Per Pennsylvania law, companies must remit uncashed payroll checks every two years, while uncashed company checks and abandoned shares are to be remitted every five years.
{"id":244,"date":"2006-06-08T10:34:37","date_gmt":"2006-06-08T15:34:37","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/unclaimed-property\/hj-heinz-co-needs-to-catch-up"},"modified":"2006-06-08T10:34:55","modified_gmt":"2006-06-08T15:34:55","slug":"hj-heinz-co-needs-to-catch-up","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/unclaimed-property\/hj-heinz-co-needs-to-catch-up","title":{"rendered":"H.J. Heinz Co. needs to catch up."},"content":{"rendered":"\n\n\t<\/p>
Pennsylvania State Treasurer audits the the well known ketchup Company to find it owes about $500,000 in unclaimed property. <\/p>\n\n\t
<\/p>
State treasurer Robert Casey said the Pittsburgh-based food maker failed to fully report $353,220 in accounts payable checks and $157,290 in uncashed payroll checks. <\/p>\n\n\t
<\/p>
Also found in the audit which covered January 1, 1993 to December 31, 2001 were 2,364 shares of commons stock unreported. This is stock that was abandoned by shareholders for various reasons.<\/p>\n\n\t
<\/p>
Per Pennsylvania law, companies must remit uncashed payroll checks every two years, while uncashed company checks and abandoned shares are to be remitted every five years. <\/p>\n\n