In The Walt Disney Co. v. Rachael Eubanks and Dine Brands Global Inc. v. Rachael Eubanks, the Oakland Circuit Court in Michigan recently held that commencing an unclaimed property audit does not toll the state's time limit to demand unclaimed funds.1
Thus, as unclaimed property audits drag on, collectible years are expiring for the Michigan treasurer, and perhaps for other states. The decisions offer a glimmer of relief from burdensome, lengthy unclaimed property audits.
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- See The Walt Disney Company v. Rachael Eubanks, No. 2021-189464-CZ, slip op. (Mich. Cir. Ct. Jan. 24, 2022), and Dine Brands Global, Inc. v. Rachael Eubanks, No. 2021-189420-CZ, slip op. (Mich. Cir. Ct. Jan. 24, 2022).