WHAT IS UNCLAIMED PROPERTY?

Unclaimed property is any intangible amount owed or held by an organization that remains unpaid, uncashed or has no evidence of positive owner activity for an extended period of time. Most property is considered abandoned after three years. A complete listing of property types and dormancy periods are detailed in the following document:

Property Codes and Dormancy Periods

Abandoned property is turned over to the State of Alaska Department of Revenue from many sources throughout the United States, including, but not limited to, associations, banks, churches, clubs, communities, corporations, credit unions, insurance companies, financial institutions, governmental entities, restaurants, retailers, and utilities.

Unclaimed Property Includes:

  • Bank accounts
  • Uncashed checks
    • E.g. payroll, insurance payments, or travelers checks
  • Utility and/or phone company deposits
  • Safe deposit box contents
  • Insurance proceeds
  • Stocks, bonds and mutual funds
  • Gift certificates and gift cards

Unclaimed Property Does Not Include:

  • Overpaid contributions by employers to the unemployment compensation fund
  • Real estate
  • Vehicles
  • Most tangible Property