Here is something of interest. A municipal bond becomes city property per an escheat ruling. Not anything unusual on the surface; however…
It all began 20 years ago. Two municipal bonds from the City of Los Angeles are purchased. The purchase helped the city raise money for various projects. Two years ago, the city decided one of the bonds was raising too much money for its investors, so it recalled the bond; essentially buying out the investment.
{"id":215,"date":"2006-05-15T13:58:16","date_gmt":"2006-05-15T18:58:16","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/uncategorized\/isnt-escheat-for-those-that-die-without-a-will"},"modified":"2006-05-15T13:59:13","modified_gmt":"2006-05-15T18:59:13","slug":"isnt-escheat-for-those-that-die-without-a-will","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/unclaimed-property\/isnt-escheat-for-those-that-die-without-a-will","title":{"rendered":"Isn’t escheat for those that die without a will?"},"content":{"rendered":"\n\n\t<\/p>
Here is something of interest. A municipal bond becomes city property per an escheat ruling. Not anything unusual on the surface; however…<\/p>\n\n\t
<\/p>
It all began 20 years ago. Two municipal bonds from the City of Los Angeles are purchased. The purchase helped the city raise money for various projects. Two years ago, the city decided one of the bonds was raising too much money for its investors, so it recalled the bond; essentially buying out the investment. <\/p>\n\n