Bryan Cave Leighton Paisner : U.S. Supreme Court Re-Routes Escheatment Of Payment Products
March 16, 2023
March 16, 2023
ST. LOUIS, Missouri, March 16 -- Bryan Cave Leighton Paisner, a law firm, issued the following news release:
The U. S. Supreme Court has redirected escheatment of certain unclaimed funds from states that were previously presumed properly to claim the funds. In this decision, instead of escheating all of the unclaimed funds arising from certain payment instruments to the State of Delaware, where the issuer is incorporated, the Court's decision allocates escheatment rights to several . . .
The U. S. Supreme Court has redirected escheatment of certain unclaimed funds from states that were previously presumed properly to claim the funds. In this decision, instead of escheating all of the unclaimed funds arising from certain payment instruments to the State of Delaware, where the issuer is incorporated, the Court's decision allocates escheatment rights to several . . .