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.