Aetna Cas. & Sur. Ins. Co. v. State Ex Rel. Eagerton

This is an appeal by the defendant Aetna Casualty Surety Insurance Company (Aetna) from an adverse judgment rendered against it in an action brought by the State of Alabama to recover funds under the Uniform Disposition of Unclaimed Property Act, Code of 1975, § 35-12-20 et seq. We reverse and remand.

In its original complaint the State sought judgment for the sum of $42,023.00 under §§ 35-12-23 and 35-12-29 of the Act; the State later amended its complaint by adding the allegation that defendant held property pursuant to § 35-12-22.

Section 35-12-22 refers to property "held or owing by a…