Find Lost Money in Arizona
Arizona
If you're living in Arizona or at some time in your life lived and worked there
before, there is a great chance you are entitled to the $400 million in
unclaimed property the state Treasury Department
is holding. Even if you haven't been there before, an Arizona-based company may
have turned-over to the
government lost funds
belonging to you. Depending on the type of property, there is a dormancy period
of usually 3 years for lost assets to be claimed before they are by law handed
over to the government.
Lost
financial assets include securities, cash or
property like bank accounts, credits, and payroll checks. Contents of safety
deposit boxes are can also considered unclaimed property if their owners can't
be contacted after the dormancy period. The
Arizona
Treasury Department sells contents of safety deposit boxes
in annual auctions if their owners don't claim them after 3 years. The proceeds
are then held by the state as unclaimed money. A $100,000 trust fund from the
unclaimed money is maintained by the State of Arizona
and the excess is transferred to the state's General Fund.
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