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abandoned or unclaimed property

Property is generally considered abandoned or unclaimed if the existence and location of the owner is unknown for an extended period of time—often three years. Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents. Once abandoned property is turned over to the state by a business, an individual then has the burden of reclaiming it from the state.

In Connecticut, property is deemed abandoned or unclaimed when the owner cannot be located for a specified period, typically three years. This includes assets such as bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and the contents of safe deposit boxes. Businesses holding such property are required to report and transfer it to the Connecticut State Treasurer's Office under the Unclaimed Property Division. The state then acts as the custodian of the property until the rightful owner or heir claims it. Individuals who believe they have unclaimed property held by the state can search the Connecticut Unclaimed Property database and file a claim to recover their assets. The state provides a process for owners to prove their entitlement and reclaim their property without a statute of limitations, meaning there is no deadline for filing a claim.

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Government

abandoned or unclaimed property

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Connecticut State Code

Connecticut State Code

Government

abandoned or unclaimed property

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