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Lynden Lyman, Esq.

Executive Consultant

Mr. Lynden Lyman is an Executive Consultant in Kelmar’s Massachusetts office. Mr. Lyman holds a Bachelor of Arts from Drake University in Des Moines, Iowa as well as a Juris Doctor from the University of Iowa. A licensed attorney for more than thirty-five years, he is a member in good standing of the Iowa Bar Association and the National Association of State Treasurers (NAST) Corporate Affiliate Program. Mr. Lyman is a recognized unclaimed property authority with experience in unclaimed property law, compliance, and program administration since 1984.

Mr. Lyman has worked with every unclaimed property program in the United States, as well as several Canadian provinces. He served as a contributing editor over the last thirty years to Unclaimed Property Law and Reporting Forms, the leading legal treatise in the field of unclaimed property published by Matthew Bender Publishing. Mr. Lyman was a special consultant to the National Association of Unclaimed Property Administrators (NAUPA), a 2008 NAUPA Lifetime Achievement Award recipient, and the 2007 NAST Corporate Affiliate Award recipient. He has presented at every NAUPA annual conference for the last 20 years, and has assisted in the training of compliance staff for multiple state programs. Mr. Lyman has additionally provided litigation support to states in legal proceedings involving unclaimed property.

Mr. Lyman joined Kelmar in 2017 as an Executive Consultant. He works closely with Kelmar’s Executive Management team to ensure appropriate protocols are implemented across all compliance operations for efficient and professionally responsible examinations on behalf of the Company’s client states. Mr. Lyman routinely consults with Kelmar’s Directors and Senior Audit Managers to address unclaimed property legal issues presented by holders, and advises on matters of contract interpretation, statutory construction, and  application of unclaimed property case law. He is also directly involved in examinations of particular industries and industry-specific property types where his extensive industry expertise benefits holders and Kelmar’s client states alike.

Professional Highlights
  • Kelmar Executive Consultant since 2017
  • Experience in the field of Unclaimed Property since 1984
  • Worked with every unclaimed property program in the United States as well as several Canadian provinces
  • A contributing editor over the last thirty years to Unclaimed Property Law and Reporting Forms published by Matthew Bender Publishing

Mr. Lyman also serves as a vital resource to Kelmar’s client state unclaimed property administrators and attorneys general, acting as a partner in addressing issues of unclaimed property law, regulation, and administrative best practices.

Prior Unclaimed Property Experience

Prior to joining Kelmar, Mr. Lyman established The Unclaimed Advisor, a consulting firm to support states, territories, and Canadian provinces in their administration of unclaimed property programs. Earlier in his career, Mr. Lyman was an executive for more than twenty years at the ACS Unclaimed Property Clearinghouse. As CEO/Managing Director of this entity, Mr. Lyman was responsible for the management of company personnel and oversight of services provided, including a national audit program, unclaimed securities custody, claims processing, the states’ national database, and systems design and management products.

Government Service

At the beginning of his career, Mr. Lyman served as an Iowa Assistant Attorney General and counsel to Iowa State Treasurer Michael L. Fitzgerald and the State’s unclaimed property program, The Great Iowa Treasure Hunt. In addition to providing general legal support for two years, he assisted in the design and implementation of the State’s audit-compliance program and was responsible for drafting legislation, including revisions to Iowa’s unclaimed property act.