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Dc Unclaimed Property Reporting Form

Dc Unclaimed Property Reporting Form

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foreign [Music] Oaks Utah State Treasurer part of my responsibility as Treasurer is to oversee our state's unclaimed property division if you're watching this video you probably already know that all states are responsible for reuniting lost or abandoned property with its rightful owner the creation of unclaimed property divisions across the United States is the result of a 1951 Supreme Court case Standard Oil Company versus New Jersey where the courts upheld a principal that is older than our Republic and so simple that we learn it in grade school when you have something that belongs to someone else you need to return it our unclaimed property division returns tens of millions of dollars to utahns every year Utah law requires all businesses to annually review their financial records to determine whether they are holding any funds Securities or tangible properties that have been unclaimed for the required dormancy period which varies based on property type but is typica

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