State Seeks Owners Of Unclaimed Property
(Las Vegas, KXNT) — The State of Nevada is safeguarding more than $650 million in unclaimed property, some of which may belong to you.
Abandoned property can be any financial asset owed to a business or an individual. Property is considered abandoned when there has been no activity or contact with the owner for a specific period of time, generally three years.
When a business’s attempts to locate the rightful owner have been unsuccessful, the assets must be turned over to the state of the last known address. The State Treasurer’s Office is responsible for protecting the assets and advertising the rightful owners’ names in attempting to return the assets to the rightful owners.
“I am very proud of the fact that Nevada’s Unclaimed Property Division is currently returning nearly 50% of the abandoned property transferred to the State, well above the national average of 33%,” said State Treasurer Kate Marshall. “Last year, we returned nearly $35 million to rightful owners, and this year we’ll be close to that same amount.”
More than $44 million in abandoned property was turned over to the Nevada Treasurer’s office between July 2013 and May 2014, bringing the current total being safeguarded to more than $650 million.
To find out if any of it belongs to you, log on to the Nevada Treasurer’s Office website.