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WHAT IS THE UNCLAIMED PROPERTY PROGRAM?

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WHAT IS THE UNCLAIMED PROPERTY PROGRAM?

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The State of Hawai’i Unclaimed Property Program collects and holds, in a custodial capacity, abandoned property from holders (companies, states, state agencies, etc.). As a public service, the state also returns the property to the rightful owners at no charge. WHAT IS UNCLAIMED PROPERTY? Abandoned property commonly includes dormant (no activity for 5 years) checking and savings accounts, uncashed checks, stock certificates, and contents of safe deposit boxes. This program is administered under the provisions of Chapter 523A, Hawaii Revised Statutes (HRS). HOW DOES PROPERTY BECOME UNCLAIMED? Holders of abandoned property are required annually to report by November 1 for the fiscal year ending June 30. The State of Hawai’i annually advertises property valued at $100 and over by March 1 of the following year. Owners have until April 20 to claim their property directly from the holders. All property not claimed from the holders is turned over to the State’s Unclaimed Property Program by M

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