Comments on: Unclaimed property: headed eventually for the Supreme Court? https://www.overlawyered.com/2016/06/unclaimed-property-supreme-court/ Chronicling the high cost of our legal system Wed, 08 Jun 2016 21:22:31 +0000 hourly 1 By: Jonathan Bailey https://www.overlawyered.com/2016/06/unclaimed-property-supreme-court/comment-page-1/#comment-337172 Wed, 08 Jun 2016 21:22:31 +0000 http://overlawyered.com/?p=43115#comment-337172 This happened to my HOA in AZ where the idle period is apparently only 2 years. We had a sizable portion of our reserves invested in a CD, which is by its very nature and purpose inactive. You can’t add to it and you can’t withdraw from it without a penalty being imposed. As it happened we had a 3-year CD and all of a sudden the money was gone. Neither the state nor the bank where we had invested made any attempt to contact us. We had to petition the state to return our money, which they did after about 4 months. We now keep all of our funds liquid in a money market account, which doesn’t pay much less interest than CDs these days anyway.

]]> By: Kimberly DeCarrera https://www.overlawyered.com/2016/06/unclaimed-property-supreme-court/comment-page-1/#comment-337171 Wed, 08 Jun 2016 21:18:37 +0000 http://overlawyered.com/?p=43115#comment-337171 Thoughts on Delaware’s request for the Supreme Court to take the dispute between Delaware and Pennsylvania, Wisconsin and others over the MoneyGram official checks?

When I was in law school, I never thought that I would be so concerned with these types of Constitutional Law issues as a business lawyer than I am now that I work in unclaimed property – due process, original jurisdiction, takings, etc.

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