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What happens to abandoned property that remains unclaimed?

April 26, 2017abandoned happens Property remains unclaimed

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What happens to abandoned property that remains unclaimed?

1 Answer

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Within three (3) years of being reported the money is transferred to the states General Fund and in part to the various County Treasurers, helping to reduce some of the individual tax burdens. However, the rightful owner retains the right to claim the property and this right is never lost.