Del. Revenue at Risk in High Court Unclaimed Property Suit - McDermott Will & Emery

Del. Revenue at Risk in High Court Unclaimed Property Suit

Overview


Diann Smith commented on the potential impact to Delaware if the Supreme Court overturned Texas v. New Jersey, which allowed the state to take custody of property when the owner’s last known address cannot be found. “That would completely upend how unclaimed property is reported and would definitely affect Delaware’s finances,” Smith said.