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Do you have unclaimed property?

LANSING — Michiganders are encouraged to check if they have lost or abandoned property, according to the Michigan Department of Treasury.

To find out if you have cash or property, visit the Michigan Unclaimed Property website. The site provides enhanced search options and the ability to upload verifying documentation easily and securely.

The state Treasury Department is the custodian of millions of dollars in lost or forgotten assets from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes and stock certificates. Because these properties were considered abandoned and unclaimed by the bank or company entrusted with them, they are turned over to the state as required by law.

Statistically, one in every 10 people have unclaimed property where a company cannot locate the owner and the money or properties are submitted to the state.

Individuals can search for unclaimed property on the Michigan Unclaimed Property website at www.michigan.gov/unclaimedproperty. Claimants may also call 517-636-5320 between 9 a.m. and 2 p.m. Monday through Friday.

For businesses, corporations, nonprofits, public entities and other organizations holding unclaimed or abandoned property, instructions on how to prepare and submit their reports and remittances online can be found on the Unclaimed Property website as well.

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