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Expert Analysis

Unclaimed Property Law In The Spotlight

Law360, New York (August 6, 2014, 10:43 AM EDT) -- Every state has unclaimed property laws that declare property abandoned after a certain dormancy period. The property is then turned over to the state, which tries to find the rightful owner. But in many instances no one steps forward, and the state retains beneficial use of the money. With budgets becoming increasingly stretched, state regulators have shown renewed vigor in enforcing unclaimed property laws....

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