La., 20 other states suing Delaware over abandoned money orders
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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Hospitalized high school football player in need of blood donations, family says
Fed-up teachers, parents make their voices heard at Livingston School Board meeting
Baton Rouge company supporting emergency workers in Florida with free mobile housing...
LSU's COVID-19 testing incentive working; students lining up at testing centers
La. Workforce Commission apologizes for erroneously issuing more than 7,000 'overpayment' letters
Coach O speaks with media, says 'most' of team has had coronavirus
LSU's Neil Farrell opting back in for 2020 season
LHSAA moves up start of high school football, teams cleared to start...
LSU AD Scott Woodwards talks Game Day for Tiger Stadium
Former LSU Tiger Tre White emotional over new NFL deal