Are book entry shares reportable? If so, when do they become dormant?
Book entry shares are reportable as unclaimed property. They differ from other types of shares because a stock certificate was never issued to the owner. These underlying shares are in “book entry” form and still in the holder’s possession. Book entry shares become abandoned or dormant when three (3) years have elapsed without contact from the owner; or there have been at least three consecutive dividends paid or issued by the holder which have been uncashed by the owner.
