Recently New York State Comptroller is searching for unclaimed funds and Assets. Every state has unclaimed property laws by which declare money, property, and other assets to be abandoned after a period of inactivity of three to five years.
The unclaimed funds and Assets could be in the form of funds from a latent checking and savings accounts, un-cashed money orders, cashiers checks, mineral royalty payments, safe deposit box contents, unused gift certificates, unclaimed insurance benefits, lost cash dividends, stock, found utility deposits, unclaimed security deposits, and court deposits.
The many organizations required to report latent accounts to the State Comptroller by law, banks, insurance companies, corporations and the courts. New York unclaimed property, which was detained by another state or a company, is kept in protective custody if they could not be paid to the rightful owner. The owners last recorded state address is always considered with the reference to Louisiana's unclaimed money. Even if your name is not on the list, you may wish to call the Unclaimed Property Division to check if any funds are being held in your name.
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