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The Pennsylvania legislature passed Act 135 in 2008. The act established property conservatorship as a mechanism to address blight. [1] The act was designed to provide community members with standing to petition for the right to rehabilitate and take ownership of abandoned properties.
Unclaimed property laws in the United States provide for two reporting periods each year whereby unclaimed bank accounts, stocks, insurance proceeds, utility deposits, un-cashed checks and other forms of "personal property" are reported first to the individual state's Unclaimed Property Office, then published in a local newspaper and then ...
This was the first significant decision regarding unclaimed property law decided by SCOTUS in almost 30 years. Pennsylvania is the only state that was directly represented by its unclaimed ...
Treasury's Unclaimed Property Bureau works to reunite more than $2 billion in lost, forgotten and abandoned property with its rightful owners. Since 2009, Treasury has collected $1.134 billion in abandoned property and returned $518 million back to the rightful owners, netting $616 million for the state General Fund budget. [citation needed]
A newly passed bill allows Pennsylvania to return unclaimed funds to a person without a claim. The law was originally proposed by state Treasurer Stacy Garrity last year.
Jesse Wig, Adam Colucci and Dan Spanovich purchased an abandoned high school off-market for $100,000 in 2019. A hefty $3.3 million in renovations later, the site is now a 31-unit apartment complex ...
Delaware v. Pennsylvania, 598 U.S. 115 (2023), was a United States Supreme Court case related to unclaimed money and check escheatment. [1] This case was Justice Ketanji Brown Jackson's first majority opinion on the Supreme Court. [2] [3] It was also the first case the Supreme Court had taken on unclaimed property in over 30 years. [4]
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