EKB News

U.S. District Judge Danny Reeves has ruled Kentucky's abandoned property law is unconstitutional, and the law violates the Constitution's due process clause. Reeves says the state was using the provision to raise money rather than unite citizens with lost goods. In 2006 and 2007, Kentucky lawmakers passed laws saying a traveler's check is considered abandoned after seven years, shortening the waiting period from fifteen years, and allowing the state to more quickly seize and cash them. Reeves' ruling marks the second time in three years the law has been struck down.