• The state's Unclaimed Property Section is holding over $300 million in unclaimed property belonging to one million citizens.
• Chances are one in seven of finding unclaimed property if you have lived in the state of Arizona .

• The Unclaimed Property Law was first enacted in 1954.
• The purpose of the act is to provide a central repository in each state where citizens can seek any lost property that belongs to them.
• We maintain a comprehensive list of all properties.

• All organizations, except the federal government, should report unclaimed property to the Arizona State Department of Revenue.
• The law covers securities, cash or property representing cash such as bank accounts, credits, and payroll checks.
• The only tangible property covered is safe deposit box contents.
• While all the information can be obtained via the Internet, if you would like to have report forms or a copy of the Unclaimed Property Law, you can call the Department with your request. There are several reporting guides designed to help organizations determine what unclaimed property needs to be reported.

• If we are unable to locate the owner, we are required to sell contents within three years of delivery.
• Items sold at the auctions include jewelry, coins, collectibles, and other unique items.
• Personal effects and documents are destroyed after a reasonable attempt to locate the owner.
• Auction proceeds are applied to auction costs. Remaining sale proceeds are posted to the owner's account.
• The Department conducts Abandoned Safe Deposit Box Auctions once a year.
• The next auction date will be announced on the Internet under the Auction Information section.

A $100,000 trust fund is maintained and the excess is transferred to the state's General Fund.