Holders of unclaimed property are required to file an annual report of property per State criterion. Abandoned and/or unclaimed property is the name given to intangible, and sometimes tangible, properties or due obligations of which an entity has not had any activity generated or contact with the apparent owner for one year or longer.  

 

Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends, or other official checks, refund trust distributions, unredeemed money order or gift certificates, insurance payments, overpayments, mineral interests, utility security deposits, unidentified remittances or other obligations due to consumers or apparent owners.

 

The State takes on the custodial rights of the consumer or apparent owner by taking right to the property and facilitating the attempt at reuniting the property with its owner.  The property remains with the State in perpetuity until reunited.

 

Click here to see if a State is holding unclaimed property owned by you or someone you know.