Fong v. Westly

How courts have described this case

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

• explaining that the Unclaimed Property Law does not operate a true escheat because the state holds the property as a custodian until the property’s rightful owner can claim the property
• sale of stock for $7,000 per share by the State that was allegedly worth approximately $70,000 per share
• sale of stock for $ 7,000 per share by the State that was allegedly worth approximately $ 70,000 per share
• “No unconstitutional taking occurs where a state exercises its right to take custody of abandoned property, as opposed to taking absolute title.”
• explain- ing that the Unclaimed Property Law does not operate a true escheat because the state holds the property as a custodian until the property’s rightful owner can claim the property

Source: CourtListener parenthetical corpus (CC0).