California’s unclaimed-property law was first passed in 1992 and provides a property-management system to protect property from being lost or destroyed.
But as more states have adopted this policy, the federal government has been increasingly interested in seizing and compensating property owners.
The government has sued a few states, including Texas and Utah, for failing to enforce the laws.
Now, the US Department of Justice is launching a lawsuit against California.
This week, the government filed an application to the U.S. Court of Appeals for the Ninth Circuit to sue California on behalf of its property-transfer agents, which have been charged with failing to ensure that unclaimed properties are not damaged.
The lawsuit seeks to hold the agents liable for their actions and to award money to those who have lost their property.
This is a very big deal because it would be a victory for property-rights holders in the United States, says Michael L. Biederman, a professor at University of Michigan Law School who has written extensively on the unclaimed laws.
If the court agrees, the DOJ could use its powers to stop any unclaimed owners from recovering any money, Biedermans office said in a statement.
California’s law requires that property owners be given a reasonable opportunity to prove that the property was damaged.
In order to qualify, the property must have been vacant for a certain period of time, or have been damaged or otherwise affected by fire or other causes, and it must be “in the public interest to do so.”
It’s not clear if the government has already filed suit against the agency.
The law also allows the government to take legal action against any owner who has not yet filed a claim with the government, the suit says. “
These actions are not based on a determination that plaintiffs are entitled to recover, but rather on a finding that plaintiffs have not been afforded a reasonable fair opportunity to show that the public interests have been adequately protected,” the DOJ said.
The law also allows the government to take legal action against any owner who has not yet filed a claim with the government, the suit says.
The DOJ said that it intends to file the suit by the end of the year, with a possible court date in 2018.
California has about 20,000 unclaimed or unclaimed assets in the state, and the property transfer agency collects and transfers about $1 billion a year, according to the agency’s website.
A California state agency that manages the uncollected property said the state would likely lose money if it had to collect the money and pay it out.
“California taxpayers will be better off if the court settles this case, but it is still a significant problem that we have to address,” said Dan D. Siegel, the director of the California Department of Finance.
“We are also not a place that we want to be.”