An Arizona resident alleges a state law that allows the government to take custody of property that’s “presumed abandoned” violates the US Constitution.
Mary Watts says Arizona’s Unclaimed Property Act permits the state to seize the property without paying its owner just compensation, in violation of the takings clause of the Fifth Amendment, according to her proposed class action complaint filed Tuesday in the US District Court for the District of Arizona. Watts seeks to represent a class of all current owners of unclaimed property—in the form of money—held by the state.
Watts claims that Arizona Department of Revenue Director ...
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