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T. Rowe Price Amends Its Policy Regarding Abandoned Property
Just received linked document from Price. At a glance it looks somewhat foreboding. However, suspect they are simply clarifying where they stand when it comes to existing state laws. Anybody have the legal training to decipher all this? Is there any uniformity in state laws per abandonment or are there markedly different laws by state?
While I deal with others, most of the “action” takes place at T. Rowe. The thought of accidental “abandonment” with them is pretty remote. On the other hand, have an account directly with PRPFX that I never touch. I inquired of them once about abandoned property concerns. They replied that simply logging-in once yearly to the account is adequate in that regard.