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Texas v. New Jersey, 380 U.S. 518 (1965), is a United States Supreme Court decision handed down on February 1, 1965. Concerning the authority of the state to escheat, or take title to, unclaimed personal property, the Court was petitioned, under its power of original jurisdiction, to adjudicate a disagreement between three states, Texas, New Jersey, and the Commonwealth of Pennsylvania, over ...
Depending on state law, the money may be held either in perpetuity (i.e., the funds never escheat to the state; an example would be Texas), [14] or after a long period of time (whereby it is presumed that the owner is deceased with no heirs) the funds will escheat to the state.
Escheatment is the process of returning lost or unclaimed property to the government of a state, for safekeeping until the owner is identified. Geographic jurisdiction of the state is determined by the last known address of the original owner. Each state has laws regulating escheatment, with holding periods typically ranging around five years ...
The Constitution of Texas is the foremost source of state law. Legislation is enacted by the Texas Legislature, published in the General and Special Laws, and codified in the Texas Statutes. State agencies publish regulations (sometimes called administrative law) in the Texas Register, which are in turn codified in the Texas Administrative Code.
The Texas Statutes or Texas Codes are the collection of the Texas Legislature's statutes: the Revised Civil Statutes, Penal Code, and the Code of Criminal Procedure ...
Steakley served as Texas Secretary of State from 1957 until 1961. As the Secretary of State, Steakley played an influential role in liaising with the legislature to promote and ultimately pass Daniel's initiatives in numerous areas including the interstate gas tax and escheat law.
Texas State Treasurer was an elected constitutional officer in the executive branch of the state government of Texas, responsible for overseeing the financial operations of state government. The position was established in the Constitution of 1876. It was officially abolished on August 31, 1996.
MissingMoney.com is a web portal created by participating U.S. states to allow individuals to search for unclaimed funds. [1] It was established in November 1999, [2] as a joint effort between the National Association of Unclaimed Property Administrators (NAUPA) and financial services provider CheckFree. [3]
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