0607_CalProd_Beautiful (MUST USE)
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The theory behind state escheat laws is this: Companies that owe money to their customers or suppliers
don’t have the right to continue holding such funds, even if those sums go unclaimed by the parties that have a rightful claim to them. State governments maintain that they have two specific interests in such unclaimed property.
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- Companies:
- Direct Marketing Association
- Places:
- California
- New Jersey
- Texas
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