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Holders (Hawaii Unclaimed Property)
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Chapter 523A, Hawaii Revised Statutes (HRS), established the Unclaimed Property Program. This Program is responsible for collecting abandoned property from holders (companies, states, state agencies, etc.), holding the property in a custodial capacity, and returning the property to the rightful owners.
Abandoned property commonly includes dormant (no activity for 5 years) checking and savings accounts, uncashed checks, stock certificates, and contents of safe deposit boxes.
Holders of abandoned property are required to report annually by November 1 for the fiscal year ended June 30.
The State annually advertises property valued at $100 and over by March 1. Owners have until April 20 to claim their property directly from the holders. All property not claimed by May 1 are turned over to the State.
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Added: Wed Jul 26 2006
