Unclaimed Funds are derived from intangible personal
property that the state holds for the rightful owner after it has been unclaimed
over a period of time. The following are just a few sources of unclaimed funds:
does property become Unclaimed Funds?
Ohio Revised Code Section l69 states that property
becomes unclaimed when, over a period of years, the owner cannot be located by
the holder of the Funds. The time frame varies depending on the property -but in
most cases it's five years. The funds are then turned over to the State for
does the Division of Unclaimed Funds locate the owners?
The Division of Unclaimed Funds annually publishes the
names of unclaimed fund users in newspapers in all of Ohio's 88 counties. The
Division actively seeks to find unclaimed fund owners by giving individuals an
opportunity to check their names at the state and county fairs, shopping malls
and other events. In addition, various activities are planned to let people know
they may have funds waiting for them. An owner then writes to Unclaimed Funds
giving their full name and address. The Division will check the name against the
owner list. If they are listed they are sent a claim form.
there a time limit for claiming funds?
No, the funds are held until the rightful owners claim
For more information go to: www.com.state.oh.us
Or Write to: State of Ohio Department of Commerce
Division of Unclaimed Funds 77 South High Street Columbus, Ohio 43264-0545