Friday, October 8, 2010

Did You Know? - Seriously?

It's time again for Did You Know?  On Fridays here at Escheatable, we provide you with interesting information regarding the unclaimed property laws to amaze your friends and frighten your enemies.  Today's entry is from Mississippi.

Maybe They Thought The Claim Process Would Take Too Long

You may recall that a few weeks ago, we noted - with some surprise - the fact that the California Controller's Office was holding unclaimed property owed to various agencies of the State of California.  It seems we were too hard on the Golden State.  According to a recent search, the Mississippi Unclaimed Property Division is holding property owed to . . . (yes, you know what's coming) . . . the Mississippi Unclaimed Property Division.

3 comments:

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  2. Haha. How is that possible? Someone at the division must have actually reported it, which seems like a very strange thing to do.

    I guess it's better than what was happening in Delaware, with outright theft of unclaimed property at the division:

    http://www.delawareonline.com/article/20080206/NEWS/802060351/Politician-s-son-admits-stealing-1-2-million-from-state

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  3. That's a good question. Another question is: what, precisely, do the funds represent. Is it money actually owed to the UPD itself, or is it property belonging to someone else that was simply being reported to the UPD?

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