Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How Does The Abandoned Property Law work?

abandoned Law Property
0
Posted

How Does The Abandoned Property Law work?

0

NH RSA 471C is the law regarding abandoned and unclaimed property and how you can recover it. One example is when a financial institution holds your money in an account, and there has been no owner initiated account activity, or you have not communicated regarding the account for a period of five years, the institution presumes it is abandoned. At this point the institution reports and remits it to the State Treasurer who acts as custodian of the property. The reported owners name is advertised statewide in a newspaper and a notice is sent to the owners last known address” as reported. Upon establishing ownership you may reclaim your property from the Treasury Abandoned Property Division.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.