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What is Unclaimed Property?


Unclaimed property is any intangible asset that is held, issued or owing in the ordinary course of a holder’s business that has remained unclaimed by the owner for a statutory period of time after it became payable or distributable. Some examples of unclaimed assets are:

    • Outstanding payroll and vendor checks.
    • Matured certificates of deposit.
    • Savings and checking accounts.
    • Uncashed dividends.
    • Unclaimed securities.
    • Principal on debt.
    • Uncashed money orders, cashiers checks, travelers checks, and other official checks.
    • Unreturned and unused security deposits.
    • Accounts receivable credit balances and discounts due.
    • Escrow balances.
    • Property held by courts and other governmental entities.
    • Amounts due under terms of insurance policies
 
 
 
Governor Janet Napolitano
Director Gale Garriot