In a Rare Decision On Abandoned Property Law, The US Supreme Court Rules Against Delaware

In a Rare Decision On Abandoned Property Law, The US Supreme Court Rules Against Delaware

On February 28, 2023, the US Supreme Court docket issued its final decision in the abandoned home lawsuit, Delaware v. Pennsylvania (see https://www.supremecourt.gov/thoughts/22pdf/145orig_kjfl.pdf) The concern dealt with by the Courtroom centered on which state was entitled to accumulate unclaimed home, which arose from  two money products marketed by banking institutions on behalf of Moneygram: Agent Checks…

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Supreme Court on Abandoned Property Lawsuit

Supreme Court on Abandoned Property Lawsuit

On February 28, 2023, the US Supreme Court docket issued its choice in the abandoned property lawsuit, Delaware v. Pennsylvania (see https://www.supremecourt.gov/opinions/22pdf/145orig_kjfl.pdf) The issue tackled by the Court docket centered on which state was entitled to accumulate unclaimed assets, which arose from  two fiscal products offered by banking institutions on behalf of Moneygram: Agent Checks and…

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