Legal Opinion
Kolton v. Frerichs
Court of Appeals for the Seventh Circuit
Decided August 22, 2017No. 16-3658PublishedCited by 46 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Anthony Kolton deposited money-into an interest-bearing bank account in Illinois. Years passed without activity in the account, so the bank transferred Kolton’s money to the State of Illinois as the Disposition of Unclaimed Property Act requires. 765 ILCS 1025/13. The Act is not an es-cheat statute — it gives Illinois custody, not ownership, of “presumed abandoned” property. 765 ILCS 1025/1©, 2, 14. Yet custody generates a windfall for. the fisc— most such property gets invested, with any income that accrues earmarked for Illinois’s pensioners. 765 ILCS 1025/18. And…
2Cases cited21 opinions
- Will v. Michigan Department of State PoliceSupreme Court of the United States · 1989
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- Ex Parte YoungSupreme Court of the United States · 1908
- Williamson County Regional Planning Commission v. Hamilton Bank of Johnson CitySupreme Court of the United States · 1985
- Lapides v. Board of Regents of Univ. System of Ga.Supreme Court of the United States · 2002
16 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Gregory Barnes v. Board of Trustees of the UniveCourt of Appeals for the Seventh Circuit · 2020
- Meryl Squires-Cannon v. Forest Preserve District of CCourt of Appeals for the Seventh Circuit · 2018
- Tina Gerlach v. Todd RokitaCourt of Appeals for the Seventh Circuit · 2024
- Dyson v. City of Calumet CityDistrict Court, E.D. Illinois · 2018
- S. David Goldberg v. Michael FrerichsCourt of Appeals for the Seventh Circuit · 2019
41 more not listed; retrieve them via the Exa API.