Supreme Court Strikes Down Case Against Unclaimed Property Fund

A lawsuit challenging the constitutionality of Oklahoma’s Uniform Unclaimed Property Act was ruled without merit by the Oklahoma Supreme Court. It is the same ruling as handed down by lower courts.

Attorney Jerry Fent filed the lawsuit against Treasurer Ken Miller. Attorney General Scott Pruitt defended the law in court.

“The Oklahoma Supreme Court ruled, as my office argued, that the suit challenging the constitutionality of the Unclaimed Property Fund was without merit. After defending the fund at multiple levels of state court, we are thankful that Oklahoma and State Treasurer Ken Miller will be able to continue to oversee the fund, which provides citizens with an efficient and convenient source for reclaiming their property while also providing money to the general revenue fund for vital programs supporting education, infrastructure and other state priorities,” said Pruitt.

Miller appreciates the AG’s help with the case.

“The unanimous ruling from the state Supreme Court was expected, but still important in that it affirms the unclaimed property program serves a legitimate state interest, is a vital consumer protection service, prevents holders of unclaimed property from reaping undo financial windfalls, and allows the funds to be used for a public purpose,” said Miller. “I want to express my sincere appreciation for the outstanding work provided by General Pruitt’s staff in defending this case.”

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  1. Norma Sapp, 01 April, 2016

    The thing is they don’t really look for the owners! I have found things there and I have lived at the same home for 30 years. I have never changed my phone either. They never looked for me!


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