EVSC Receives Check for Unclaimed Property

Local News

$4.3 million in unclaimed property was returned to Evansville area residents in 2015.

Indiana Attorney General returned a record-breaking $88 million in unclaimed property to thousands of residents or former residents of Indiana in 2015.

The EVSC found $2,413.70 that had been turned over to the state.

Attorney General Zoeller stopped by the corporation on Monday to present the unclaimed property check and remind others to search for their own unclaimed property.

Zoeller says, “Approximately one in three Hoosiers has unclaimed property and most are surprised to learn they do. And while we returned another record amount last year, we received more than we returned.”

Unclaimed property includes investment earnings, insurance proceeds and benefits, wages, and money from savings and checking accounts.

Less than 1% of unclaimed assets are tangible, physical items.

Businesses are required by law to turn over to the state any unclaimed property after three years of inactivity.

The Attorney General’s Office serves as a custodian of these assets and holds them for 25 years or until the rightful owner is found.

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