- Associated Press - Monday, October 3, 2016

WASHINGTON (AP) - The Supreme Court has agreed to referee a dispute between Delaware and 23 states over more than $150 million in uncashed money orders.

The justices on Monday stepped into the dispute involving uncashed money orders from Dallas-based MoneyGram, which has been submitting unclaimed money to Delaware.

The other states say the MoneyGram checks should be sent back to the state of purchase.

MoneyGram is incorporated in Delaware, as are many other publicly traded companies in the U.S. Delaware says state law requires that MoneyGram send unclaimed property to the company’s state of incorporation instead of the state of origin.

Abandoned property is a major source of general fund revenue for Delaware.

The lawsuit was filed in the Supreme Court, which has the authority to rule on suits between states.

The other states are: Alabama, Arizona, Arkansas, Colorado, Florida, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Montana, Nebraska, Nevada, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Utah, West Virginia and Wisconsin.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide