Legal Opinion

In Re: Escheatment of Matured, Unredeemed, and Unclaimed US Savings Bonds with Purchasers' Addresses in the Commonwealth of PA Petition of: PA State Treasurer, Joseph M. Torsella

Commonwealth Court of Pennsylvania

Decided June 26, 2018No. 486 M.D. 2017Published

1Opinion of the Court

OPINION BY JUDGE COVEY

Before this Court is the Pennsylvania State Treasurer, Joseph M. Torsella's (Treasurer) Application for Leave to Effect Service by Publication (Application) of the Treasurer's Amended Complaint (Complaint). 1 The Treasurer filed the Complaint in this Court's original jurisdiction seeking to obtain legal title to certain matured, unredeemed and unclaimed United States (U.S.) savings bonds (Bonds) by way of a valid escheatment proceeding pursuant to Section 1301.10b of The Fiscal Code (Code). 2

FACTUAL BACKGROUND

In the Complaint, the Treasurer avers that he is seeking to…

2Cases cited14 opinions

  1. Mullane v. Central Hanover Bank & Trust Co.Supreme Court of the United States · 1950
  2. Patchak v. ZinkeSupreme Court of the United States · 2018
  3. Delaware County v. First Union Corp.Supreme Court of Pennsylvania · 2010
  4. PNC Bank, N.A. v. Unknown HeirsSuperior Court of Pennsylvania · 2007
  5. Zauflik, A., Aplt. v. Pennsbury School DistrictSupreme Court of Pennsylvania · 2014

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