Unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for one to five years. Funds become unclaimed because the company loses track of the consumer, due to an incorrect address or other missing information. By law, these funds are escheated, or turned over, to the Department of State Treasurer for safekeeping. Finance Department did a recent search for unclaimed funds owed to Rowan County. Attached are several claims that we will be requesting be returned to Rowan County.
As you can see on the attached documentation some of them read $50 or greater so we do not have a total to be returned. Some of these claims require multiple signatures.
Attached Claim forms with multiple claims listed on each form.
Board of Commissioners to authorize the County Manager and Finance Director to sign attached forms where needed to claim funds from the North Carolina Unclaimed Property program.
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