Escheat of Unclaimed Deposits in Financial Institutions

Discusses State laws on escheat of unclaimed deposits in financial institutions, which generally hold that unclaimed assets are transferred to State ownership. Covers Constitutional due process requirements for State escheat laws, applicability and enforcement of State escheat laws regarding Federal...

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Bibliographic Details
Corporate Author: Library of Congress Congressional Research Service
Format: Book
Language:English
Published: [Place of publication not identified] : [publisher not identified], 1980
Subjects:
Description
Summary:Discusses State laws on escheat of unclaimed deposits in financial institutions, which generally hold that unclaimed assets are transferred to State ownership. Covers Constitutional due process requirements for State escheat laws, applicability and enforcement of State escheat laws regarding Federally-chartered institutions, and conflicting court decisions regarding State claims
Item Description:CRS Report
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC
Physical Description:1 online resource (18 pages) : digital, PDF file
Format:System requirements: PDF reader software
Access:Restricted for use by site license