| Footnotes:
Exemptions in Unclaimed PropertyFact or Fiction? 1The 50 states, District of Columbia, Puerto Rico and Guam. 2Texas v. New Jersey, 379 US 674 (1965). 3Pennsylvania v. New York, 407 US 206 (1972). 4Delaware v. New York, 507 US 490 (1993). 5Id. at 507. 6Texas v. New Jersey, note 2 supra, at 682. 7Id. at 679. 8See Section 3(6) of the 1981 Uniform Act; Section 4(6) of the 1995 Uniform Act. 9These jurisdictions are: Alaska, Arizona, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Louisiana, Maine, Maryland, Michigan, Montana, New Hampshire, New Jersey, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Virgin Islands, Washington, Wisconsin and Wyoming. 10Texas v. New Jersey, note 2 supra, at 675; but see New Jersey v. Chubb Corp., 540 A2d 1313 (NJ Super. Ct. 1989), and Texas v. Liquidating Trustees of Republic Petroleum Co., 510 SW2d 311 (TX Sup. Ct. 1974), which indicate that the Texas v. New Jersey priority rules were intended only to resolve jurisdictions' competing claims to the same unclaimed property. 11Texas v. New Jersey, note 2 supra, at 679. 12See American Petrofina Co. of Texas v. Nance, 697 FSupp 1138 (WD OK, 1986), aff'd, 859 F2d 840 (10th Cir. 1988) (state law was pre-empted to the extent it conflicted with the priority scheme established in Texas v. New Jersey, note 2 supra). 13See 12 Del. Code 1198(10). 14Fla. Stat. Ann. 717.1355. 15Fla. Stat. Ann. 509.013(9). 16SB 227 (effective 7/1/00), amending IC 32-9-1.5-17(7)(C). 17At press time, the following states had a form of a B2B exemption on their books: Arizona, Illinois, Indiana, Kansas, Maryland, North Carolina, Ohio, Virginia and Wisconsin. 1812 U.S.C. 25012503. 19Travelers Express Co., Inc. v. Minnesota, 664 F2d 691 (8th Cir. 1981). |