What is the difference between unclaimed personal property and vested property?
Unclaimed personal property is any asset that has not had owner activity for some time. The length of time the property must remain inactive to be considered unclaimed depends on the type of asset. Timelines can be one, three, five, seven or 15 years. For a comprehensive list, refer to Section 6 of the Unclaimed Personal Property and Vested Property Regulation. Vested property is generally property that was not disposed of when a corporation, society or cooperative was dissolved and has been claimed by the Crown (Government of Alberta). It can also come from an estate with no known heirs.
