To see if you have unclaimed property, you'll need to search your name in your state's online database.
The website of the National Association of Unclaimed Property Administrators, or NAUPA, has links to each state's individual database.
But many people who have unclaimed property aren't aware of it.
The simplest way to keep your accounts active is to vote your proxies, says Debbie Zumoff, chief compliance officer at Keane, a New York-headquartered unclaimed property consultancy.
The office has allowed anyone to search for unclaimed property on its Web site for many years, but it made the search available at claimit.ca.gov on February 20 to help people find the service more easily.
If the company found out that the insured had died, it would have to look for the beneficiaries and if they could not be found turn over policy proceeds to one of the states as unclaimed property.
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If for any reason he cannot locate the customer after reasonable and documented efforts as agreed to in writing with FINRA staff, Prim shall forward any undistributed restitution and interest to the appropriate escheat, unclaimed property, or abandoned property fund for the state in which the customer is last known to have resided.
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Delaware amended its unclaimed-property law in 2008 to, among other things, reduce the dormancy period for securities accounts to three years from five years and change the criterion for abandonment from returned mail to inactivity.
Many states have laws that deem unused gift cards abandoned property, which if left unclaimed for a certain period, can be taken into the state treasury's general fund, just like an unclaimed or abandoned bank account.
Flowers, Roberts ruled that when a mailed notice of a tax foreclosure is returned unclaimed, a state must take additional reasonable steps to notify the property owner before selling his property, if practicable.
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