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Arkansas Unclaimed Property |
Arkansas Unclaimed Property is handled by the Arkansas Auditor of State through a separate division called Unclaimed Property Division. The Auditor of State Unclaimed Property Division is responsible for maintaining a database of all types of unclaimed properties, which may include bank accounts, uncashed checks, stock certificates, various funds and utility deposits. All these properties come under the control of the State through companies who are unable to locate their respective owners.
In fact, the The Arkansas Unclaimed Property Act makes it necessary for companies, banks and financial institutions to turn over properties of unknown owners to the state auditor, if they fail to trace them within a period of five years. This makes it easy for the people in Arkansas also to find their lost properties, as they can now have only one place to search. The Unclaimed Property Division, on its part, brings out a list every year in newspapers containing names of the individuals appearing to be the owners of unclaimed property.Arkansas Unclaimed Property Search
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It is also possible to conduct online search of abandoned properties and funds. There are websites, such as missingmoney.com that let you conduct Arkansas Unclaimed Property Search. You can even make a search for properties held in other states by concerning department. Moreover, the National Association of Unclaimed Property Administrators (NAUPA) is making effort to develop a comprehensive database of unclaimed property, covering all the states.
You can download a claim form from the website of Arkansas Unclaimed Property Division, If you happen to find an unclaimed property that legally belongs to you. Most importantly, you do not have to pay any fee to get your lost money, property or funds through this process. For more information, visit the official site of Arkansas Auditor of State.
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