In California the state government currently holds about $5 billion in unclaimed money and this amount is increasing by up to $300 million a year. What does this have to do with you? Well, if you or a relative is or was a resident of the state, or had any business dealings with a California based company or the state government, some of that money could belong to you.
Under California law, abandoned or unclaimed assets such as bank and savings accounts, safe deposit boxes, tax refunds, gift certificates, undelivered salary checks, stock dividends and other such financial assets, if unclaimed for three years, are taken over by the Treasury Department and become part of the state’s general funds where they remain until the rightful owners are found.
Read the rest at California Unclaimed Property
