Friday, June 6, 2008

Florida CFO returns unclaimed $160K to Gainesville man

Alligator Florida has reported that Florida CFO returns unclaimed $160K to Gainesville man.

The term unclaimed money means:

Money which came from what an unclaimed property account - money or the contents of a safety deposit box that someone have forgotten to claim.

Unclaimed property means:
Forgotten refunds, stocks or dividends, uncashed checks, or deposits to an electric or utility company.

Companies must contact the owner of an unclaimed property.
If the owners have moved or died, that money is given to the state to hold until claimed.

Related articles:
You and the Law: Unclaimed property or dormant account?

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