We currently hold more than $600 million in more than 3.5 million accounts. Unclaimed property generally consists of payroll checks, unclaimed safety deposit boxes, old life insurance policies, stocks, or vendor checks that have remained unclaimed by their owners after several years. Activity . Unclaimed property can be tangible (safe deposit box contents) or intangible property (securities-related property and general ledger property) due and owing to a third party (the owner) where there has been no contact with the owner for a specific period (dormancy period). General Business, Miscellaneous Checks and Intangible Personal Property Property Type: MS Code Property Year MS01 Wages, payroll or salary 1 MS04 Payment for goods and services 3 MS08 Accounts payable 3 MS09 Accounts receivable credit balances 3 Trust, Investments and Escrow Accounts Property Type: TR Code Property Year The stateâs website offers a very interactive search platform. Massachusetts unclaimed money and property totals are over $3.4 billion as it joins many states with billions under management. INTANGIBLE PROPERTY 3 MS18 SUSPENSE LIABILITIES 3 MS99 AGGREGATE MISC. Any help from you all will be greatly appreciated.----Windchimes3 Unclaimed Property is one of the most important aspects of my job as State Treasurer. Hi, My brother passed away and left "misc. un-cashed paychecks, savings accounts)or tangible property (ex. 8. How can I (his lawful heir) find out from Paypal what this is exactly? Tangible or intangible property that is unclaimed by its rightful owner after a significant period of time. PROPERTY UNDER $50.00 State of Michigan - Department of Treasury, Unclaimed Property Division Unclaimed Property 101. Unclaimed loan collateral..... (3) Sums payable under pension and profit sharing plans (IRA, KEOGH, e.g.) ..... (3) Property distributable in the course of involuntary dissolution or liquidation ..... (1) MS16 Any other miscellaneous outstanding The information in this booklet and report form are Like most, it requires a last name, but be sure to use our Search Strategies and try ⦠Abandoned or Unclaimed Property . 3 MS13 UNCLAIMED LOAN COLLATERAL 3 MS14 PENSION & PROFIT SHARE PLANS (IRA,KEOGH) 1 MS15 DISSOLUTION OR LIQUIDATION 3 MS16 MISC. MS13 Unclaimed Loan Collateral MS14 Pension & Profit Sharing Plans MS15 Dissolution or Liquidation MS16 Misc Outstanding Checks MS17 Misc Intangible Prop MS18 Suspense Liabilities MS19 Layaway Deposits & Payments MS20 Rents MS99 Aggregate Misc Checks & Intangible Personal Property <$50 1 5 5 A3/5 A3/5 A3/5 5 A3/5 A3/5 A3/5 5 3 5 5 5 3 5 Class unclaimed property, nor would she refer people to attorneys simply to file an unclaimed property claim. safe deposit box contents), in which there has been no activity generated or contact with the owner for a one-year or longer periodâat which point, it becomes unclaimed or "abandoned". Treasury also administers several programs that provide an opportunity for financial empowerment for families, ⦠Abandonment Period . The period of inactivity (usually 3-5 years) after which property is considered abandoned. The Pennsylvania Office of the State Treasurer serves as the custodian of more than $100 billion in Commonwealth funds, and is responsible for the receipt and deposit of state monies, investment management and oversight of all withdrawals and deposits from state agencies. The amount of property and the accounts held, fluctuate based on the amount of property turned over to my office. intangible property" at Paypal. UNCLAIMED PROPERTY â ... ⢠Miscellaneous income/bad debt expense accounts. OUTSTANDING CHECKS 3 MS17 MISC. The Kentucky State Treasurer administers Kentuckyâs Unclaimed Property Fund. Generally speaking, in Tennessee unclaimed property is intangible (ex. UNCLAIMED PROPERTY â ANNUAL COMPLIANCE UPDATE. Controller Yee strongly recommends that recipients not respond to these false solicitations, as the senders are seeking personal information they can misuse, or will charge exorbitant fees for recovering property that consumers can claim for free