Arnett Ex Rel. Estate of Arnett v. Combs

This case presents a challenge to the Texas Unclaimed Property Law. Tex. PROp.Code Ann. §§ 72.001-75.102 (Vernon 2007).

The plaintiff-appellant Darrell Arnett brought this class action against the Texas State Comptroller and the State of Texas, on behalf of himself and others similarly situated, alleging among other claims that the Comptroller’s practice of retaining the revenue generated from unclaimed property held by the State pursuant to its Unclaimed Property Law constitutes a taking without just compensation in violation of the Fifth and Fourteenth Amendments to the United States…