Locals on unclaimed property list

Published 9:11 pm Saturday, August 19, 2006

State Treasurer Kay Ivey says more than 4,600 listings with Limestone County addresses appear on the unclaimed property database.

This represents more than $1 million in assets belonging to the citizens of Limestone County.

August is Unclaimed Property Awareness Month and Ivey wants to reunite Alabamians with their unclaimed property.

“Unclaimed property can be in the form of uncashed checks, stocks, bonds, dividend checks, utility deposits, and even items found in abandoned safe deposit boxes. After a business has held unclaimed property for a number of years set by law, they turn it over to the state treasury and we hold it until individuals come forward to claim it,” Ivey said.

Ivey went on to announce that a record amount of over $20 million in unclaimed property has been paid out to 36,669 claimants this fiscal year.

“So much hard work goes into collecting these funds from businesses, banks, and insurance companies that are unable to contact property owners,” she said. “All the hard work is worthwhile when owners are located and are able to connect with their assets.”

Ivey encourages all Alabamians to search for their name on the Unclaimed Property database by visiting the Treasury Web site at www.treasury.alabama.gov.  Claims may be filed online or by calling the Treasurer’s Office and requesting a claim form.

The Unclaimed Property division of the Treasurer’s Office can be reached at (334) 242-9614.

“We’ve got addresses on the list from Elkmont, Athens, Tanner and all parts in between,” Ivey said. “Get online or call us, and if you find your name and can prove you are who you say you are, we’ll be happy to send you a check.”

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