Meet Your (New) Escheators – Unclaimed Property Related Election Results

by admin

Tuesday was election day.  While there were not many well publicized or nationally watched races this year, there were nonetheless some elections that will have an effect on unclaimed property administration. Specifically, two states — Kentucky and Mississippi — held elections for State Treasurer (which, in both states runs the unclaimed property office).

In Kentucky, incumbent Todd Hollenbach won reelection to another term.  If Mr. Hollenbach’s name sounds familiar, it is because he was the named defendant in the lawsuit brought by American Express challenging Kentucky’s decision to shorten the dormancy period for travelers checks to 7 years down from 15.

In Mississippi, Lynn Fitch was elected to be the next State Treasurer.

Louisiana was also originally slated to have an election for State Treasurer this year, but incumbent John Neely Kennedy was unopposed.