What types of funds are considered unclaimed?
Unclaimed funds refer to various types of assets that have been abandoned or forgotten by their rightful owners. These can include dormant bank accounts, uncashed checks, insurance proceeds, stocks and dividends, security deposits, utility refunds, unclaimed inheritances, and uncollected wages. Additionally, unclaimed funds may also encompass forgotten items from safe deposit boxes, such as jewelry, coins, and important documents. It's important to note that each state has its own laws and regulations regarding unclaimed funds, and the NY State Comptroller's Office aims to reunite these funds with their respective owners through their comprehensive search efforts and claim process.
Answered Nov 2, 2023
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