What is Unclaimed Property?

  • Mostly, it's money but it can be any financial asset that has not been claimed by its owner or has not had any owner-generated activity for a specific time period (one to five years for most items). Unclaimed Property is not a real estate.

  • Typically, Unclaimed Property is generated when people lose or fail to cash a check or forget to alert their bank or stockbroker when they move. Any company or organization that writes checks, drafts or warrants, has the potential to possess unclaimed property.

  • Examples Include:

    • Payroll Checks
    • Refunds & Overpayments
    • Money Orders
    • Bank Accounts
    • Stocks & Bonds
    • Safe Deposit Box Contents
    • Insurance Proceeds

  • The state serves as a permanent custodian of the property until the rightful owner is found. The money is held in general fund for the benefit of all citizens of Kansas.

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