Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do safe deposit boxes become unclaimed property?

April 26, 2017boxes deposit Property safe unclaimed

0

10 Posted

Do safe deposit boxes become unclaimed property?

1 Answer

0

10 Posted

Safe deposit boxes become unclaimed property five (5) years after the rent has expired. We recommend that the boxes are drilled and inventoried as soon as practicable. Do not send the contents to the State Treasury until instructed to do so. They should be listed on your Unclaimed Property Report (Form B), do not assign a value.