Georgia unclaimed property statute. Under this act when a bank or company holds property belonging to someone else but has lost contact with that person for a certain period of time the bank or company must send the property to the state. Welcome to georgia unclaimed property search. Search the unclaimed property database to determine if there are unclaimed assets belonging to a person or business.
Unclaimed property includes but is not limited to. In addition records relating to updated owner addresses shall be retained for a period of ten 10 years. This summary is not intended to be an all inclusive discussion of abandoned property law but does include basic provisions.
2010 georgia code title 44 property chapter 12 rights in personalty article 5 disposition of unclaimed property 44 12 190 short title 44 12 191 construction of article 44 12 192 definitions 44 12 193 when property held issued or owing in ordinary course of holders business presumed abandoned. Title 44 property article 12 disposition of unclaimed property act. The georgia department of revenue enforces the disposition of unclaimed properties act article 5 of chapter 12 of title 44 of georgia law.
Unclaimed property holders or consultants concerned with. The majority of states have a fall reporting deadline usually october 31st or november 1st. Unclaimed property refers to accounts held by financial institutions and other businesses who have lost contact with their owner of record.
You should check the state laws for updates. Before sharing sensitive or personal information make sure youre on an official state website. Some states have a reporting or filing deadline in either the spring or summer.
Local state and federal government websites often end in gov. Unclaimed property reporting due dates vary for each jurisdiction. A certificate of title cannot be obtained for an abandoned vehicle on the basis of a surety bond nor can a title be issued on a.
State of georgia government websites and email systems use georgiagov or gagov at the end of the address. Some states also utilize multiple unclaimed property due dates depending on property type. These funds may be in the form of cash stocks bonds securities insurance benefits etc.
Californias unclaimed property law requires banks insurance companies corporations and certain other entities to report and submit their customers property to the state controllers office when there has been no activity for a period of time generally three years. Wages savings accounts customer refunds accounts payable insurance payments shares of stock escrow funds royalties and contents from safe deposit boxes.