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Holder Information (Georgia Unclaimed Property) (Visit this siteExternal Link to Holder Information (Georgia Unclaimed Property))

Companies must report abandoned property to the State of the last known address of the owner. When the owner address information is unknown, incomplete or foreign, the holder company reports unclaimed property to their state of incorporation.

The Act provides for the remittance of property and funds in the possession of the holder which are owned by another from:

  • banking and financial organizations,
  • insurance companies,
  • utilities,
  • dissolution of a business association or person,
  • a fiduciary, and
  • a court, public corporation, public authority, public officer, or political subdivision.

    Other types of unclaimed property remitted to the State as custodian are:

  • property issued or owed in the ordinary course of the holder's business,
  • sums owing on traveler's checks and money orders, unclaimed court ordered refunds from business associations, gift certificates or credit memos,
  • unpaid wages
  • employee benefit trust distributions and income,
  • safe deposit boxes,
  • bequeathed property, and
  • intangible personal property (stocks, bonds, etc.) held or owing in this State.

    Hits: 8
    Added: Wed Jun 14 2006
    Last Modified: Mon Jul 10 2006

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