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Holders (Alaska Unclaimed Property)
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Alaska Unclaimed Property Holder Information
Alaska's Unclaimed Property Act requires all businesses and government agencies to file an unclaimed property report with the Department of Revenue. Alaska does not require negative or zero reports to be filed if a business or governmental agency has no unclaimed property.
An unclaimed asset is generally money in an account or money owed to an individual, but can also be a security such as stocks, bonds, or mutual funds or safe deposit box contents.
To qualify as unclaimed property, an asset must have been unclaimed or uncashed for a certain number of years. For most types of property (including those for which no time frame is specified in the law) the time frame is 3 years using an "as of" date of June 30 of the current year. Exceptions to the 3 year dormancy can be found under the Reporting Forms link where property types and dormancy periods are listed.
As a convenience, Alaska will accept reports with last known addresses in other states. The Department will forward the property to the appropriate state. However, if your organization has a large number of properties for another state, you should file a report with that state.
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Added: Mon Jul 24 2006
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