Michael Houghton Quoted in The News Journal on SCOTUS Unclaimed Property Opinion
Morris Nichols partner Michael Houghton spoke with The News Journal about a recent U.S. Supreme Court discussion on unclaimed property which cited Delaware as an example of concerns with unclaimed property owner notifications. Mike has advised Fortune 500 companies and others on unclaimed property issues for more than 25 years and is a member of a Legislative Task Force currently examining, and making recommendations concerning, Delaware’s Unclaimed Property program. He is also co-chair of the Uniform Laws Commission Drafting Committee to Revise the Uniform Unclaimed Property Act. In the article, entitled “Supreme Court Calls Out Delaware on Unclaimed Property,” Mike comments on a recent concurring opinion issued by two U.S. Supreme Court Justices which suggests some states - including Delaware - may not be satisfying due process requirements in how they undertake to reunite owners of unclaimed property, remitted to the states, with that lost property.
Read the full article here.