Property Reporting System Form

Instructions and help about Property Reporting System

welcome to the Arizona unclaimed property holder compliance unit presentation of reporting 101 our act is a version of the 1995 model uniform act and was adopted in 2001 our statutes can be found in title 44 chapter 3 you may review these at the Arizona legislative website what is unclaimed property it is defined as any asset which has held issued erode in the course of business that has certain unclaimed by its own first specific period of time ranging from 1 to 15 years each type of property has its own dormancy period but most calling it a three-year category such as insurance policy refunds securities accounts payable cashiers and vendor checks as well as dormant savings and checking accounts however wages and commissions are only one unit please keep in mind everything is both reportable and the minimal including in small amounts down to the penny what is not unclaimed property de minimis property is defined as any account balance of business associations of $50 or less payable t