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States and Treasury clash over WWII era unclaimed bonds
Montana and other states sue the U.S. Treasury in federal court over more than 16 billion dollars in unclaimed World War II Series E savings bonds. States seek ownership to reunite funds with owners or use them for public needs. Treasury says funds belong to the federal government and emphasizes outreach efforts. The case, filed in New Jersey in 2004, will hinge on standing and contract issues as arguments proceed later this year.
MENTIONED IN THIS ARTICLE
Helena
Mont
Treasury Department
David Bishop
Kirby McInerney
The
Treasury
Harris
Montana
Steve Bullock
Bullock
New Jersey
North Carolina
Kentucky
Oklahoma
Missouri
Firstmerit
Senoa Ae Lahat
Lee Sg
FirstMarit
Custamars
Franklin
Sea Bank