In unclaimed property, a “last known address” generally means the address associated with the owner in the reporting company’s records before the property was transferred or reported to the state. It is primarily an identifying and reporting detail. It does…
When stocks or other securities become unclaimed property, they may be transferred from a brokerage, transfer agent, mutual fund company or other holder to a state unclaimed property program. What happens next depends heavily on state law. A state may…
Safe deposit box unclaimed property generally refers to the contents of a safe deposit box or other safekeeping repository that were not claimed by the owner and eventually became subject to a state’s unclaimed property laws. Unlike most unclaimed property—which…
“Shares Reported” generally means the number of shares of stock, a mutual fund or another security that the holder reported as unclaimed property. For example, an unclaimed property record might show: Property Type: Securities Cash Reported: $0.00 Shares Reported: 125.0000…
“Cash Reported” generally means the amount of cash that a business or other holder reported for a particular unclaimed property record. For example, a state record may show: Property Type: Savings Account Reported By: ABC Bank Cash Reported: $100 or…
In unclaimed property, a dormancy period is the period of inactivity or other legally defined time that must pass before property can be treated as abandoned and reported to the state. It is part of the pre-transfer stage—before the money…
In an unclaimed property record, “Property Type” tells you what kind of money, account or asset was reported. It may identify the property as wages, a bank account, refund, check, insurance payment, securities, utility deposit, government warrant or another category.…
In unclaimed property, the “owner” is generally the person or entity identified as having a right to the reported money or asset. In a public search result, that owner name usually comes from the reporting holder’s records—such as a bank,…
In unclaimed property, the “holder” is generally the business, organization or other entity that has possession of property belonging to someone else or owes money to that person. In a state unclaimed property search result, the holder name usually identifies…
In the unclaimed property context, “escheated” generally means that money or another asset was reported and transferred to a state after the holder determined that it met the applicable unclaimed property rules. If you see that an old bank account,…