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Official Web Site (Alaska Unclaimed Property)
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Do you wonder what happens to bank accounts that are never closed but have been inactive for several years? Do you remember picking up the utility deposit from your first apartment? Did you receive your last paycheck from your summer job 10 years ago? Have you received and cashed all medical insurance reimbursements throughout the years? If you are uncertain of the answers to these questions, read on to find out if you have unclaimed property somewhere in Alaska.
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.
Unclaimed property does not include overpaid contributions by employers to the unemployment compensation fund, real estate, vehicles or most tangible property. Contents of a safe deposit box is the only tangible property that is reportable.
Unclaimed property includes:
Abandoned property is turned over to the Department of Revenue from many sources including banks, credit unions, corporations, utilities, insurance companies, governmental entities and retailers throughout the United States.
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Added: Sun Jul 09 2006
Last Modified: Mon Jul 10 2006
