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La., 20 other states suing Delaware over abandoned money orders

6 months 1 day 11 hours ago June 09, 2016 Jun 9, 2016 Thursday, June 09 2016 June 09, 2016 11:16 AM in News
Source: Associated Press
By: ApNewsNow

WASHINGTON - Twenty-one states, including Louisiana, are suing Delaware to give back more than $150 million in uncashed money orders.

Texas Attorney General Ken Paxton said Thursday the states are suing Delaware at the U.S. Supreme Court over an escalating dispute involving uncashed money orders from Dallas-based MoneyGram.

MoneyGram has been submitting unclaimed money to Delaware, where the company is incorporated. The other states argue that the money should go back to the state where purchased.

Abandoned property is the third-largest source of general fund revenue for Delaware and is expected to total more than half a billion dollars in the current fiscal year. The huge amount stems from Delaware's status as the legal home to more than 1 million businesses.

According to KXAN.com ,the states suing Delaware are: Texas, Arkansas, Alabama, Arizona, Colorado, Florida, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Montana, Nebraska, Nevada, North Dakota, Ohio, Oklahoma, South Carolina, Utah and West Virginia.

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