Unclaimed property: Michigan Supreme Court takes steps to curtail endless examinations
By EsqSocial Corporation 01/04/25
In litigation challenging unclaimed property examination findings, the Michigan Supreme Court took a first step towards curtailing the seemingly never-ending examination process, but left open an opportunity for the State to argue on remand that it can still enforce its assessment going back more than two decades. In a unanimous decision,1 the court held that a protracted multistate examination that lasted more than eight years did not toll the statute of limitations in Michigan – in other...
By: Eversheds Sutherland (US) LLP