More than 800,000 Oklahomans are eligible for a share of $1.2 billion in unclaimed funds.
The number of Oklahomans with unclaimed property numbers above 825,000, according to the Oklahoman. The unclaimed funds are managed by the Oklahoma State Treasurers' unclaimed funds division, which aims to return the property to its owners. Everything from jewelry, stock certificates, coin collections, and cash count as unclaimed property, according to the agency.
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"Property is considered unclaimed when there is a lack of activity generated by the rightful owner of the property," the agency's website explains. "Evidence of this inactivity includes failure to cash a check, the return of a check or correspondence by the Post Office as undeliverable, or the absence of any communication from the owner. If property remains unclaimed for a certain number of years set by statute, it is considered abandoned and must be reported to the state's unclaimed property program."
Unclaimed assets include amounts owed to suppliers/vendors; overpayments/refunds/rebates; credit memos; items held in safekeeping; loan collateral; deposits held by depository institutions; stocks, bonds, and mutual funds; garnishments or court deposits; payroll/wage obligations; security deposits; escrow funds; unidentified receipts; amounts held by a fiduciary or trustee; dividends, interest, royalties; matured insurance policy proceeds; amounts due under insurance contracts; and amounts distributable at liquidation/dissolution.
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To find out if you have unclaimed property, citizens can go to missingmoney.com, a national unclaimed property database. Type in your name and city to see if you are eligible to receive any unclaimed property.
To be eligible, one must have a "proprietary interest" in the unclaimed property, or be the estate holder in the case of someone deceased. You can also request the funds on behalf of a family or friend.