Also referred to as unclaimed property, unclaimed assets, surplus funds, mystery money, State Funds, and so on... Unclaimed funds can be abandoned assets. Some examples: dividend, payroll or cashier's checks stocks, bonds or mutual fund accounts utility deposits and other refunds bank accounts and safe deposit box contents insurance proceeds mineral interest or royalty payments court deposits, trust funds or escrow accounts overpayments on insurance, utilities and other bills Since 1963, Texas has required institutions, businesses and governmental entities to report to the state any personal property that has been unclaimed for up to five years, depending on the property in question.
Consulting
•Missouri City, TX
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