In a Rare Decision On Abandoned Property Law, The US Supreme Court Rules Against Delaware
By Judie Rinearson, Jennifer Crowder, and Jeremy McLaughlin
On February 28, 2023, the US Supreme Court issued its decision in the abandoned property lawsuit, Delaware v. Pennsylvania (see https://www.supremecourt.gov/opinions/22pdf/145orig_kjfl.pdf)
The question addressed by the Court focused on which state was entitled to collect unclaimed property, which arose from two financial products sold by banks on behalf of Moneygram: Agent Checks and Teller’s Checks (collectively, the “Checks”).
Read More