Do you have any unclaimed property? You should check and you might get a check. Auditor of State Dennis Milligan presented a check to Benton Area Chamber of Commerce President & CEO Gary James on Tuesday, June 27th in the amount of $1,254.40 for Unclaimed Property owed to the Chamber.
“Unclaimed property can be any number of items, such as unpaid life insurance benefits, forgotten bank accounts, certificates of deposit, contents of safe deposit boxes – you name it,” Milligan said. “Since I took office on Jan. 10th, we’ve returned more than $13 million to Arkansans through the Great Arkansas Treasure Hunt.”
When owners abandon an account – through a move or a death, perhaps – and the company cannot locate the owner, the money or properties are submitted to the Auditor of State’s office. The office’s Unclaimed Property Division then works to connect property to its rightful owner.
The Auditor’s office is required by law to return unclaimed property back to citizens. To see if you might have unclaimed property in Arkansas, visit https://claimitar.com.