Arkansas v. Federated Department Stores, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “In enacting § 347(b), Congress specifically intended to overrule prior judicial precedent that allowed states to escheat unclaimed funds issued as part of a final distribution of an estate pursuant to a court-confirmed plan of reorganization.”
• “States are not creditors with respect to property presumed abandoned post-petition because the Debtors do not have a legal obligation to turn the property over under the States’ unclaimed property statutes until the dormancy period expires,”
• the 1956 amendment to the Act was to specifically overrule Klein

Source: CourtListener parenthetical corpus (CC0).