Wyoming Unclaimed Property Funds Higher Then Ever
Despite record amounts of payments over the past few years, Wyoming’s Unclaimed Property Division of the State Treasurer’s Office is currently holding on to more money than ever, with the current amount being at $100 million.
Wyoming law stipulates properties that have reached the required dormancy period get reported no later than November 1 each year. Because of this requirement, October and November are traditionally the months when the most money, securities, and other properties are remitted.
Those wanting to see if they are owed any of the properties held by the State are encouraged to watch the 2-minute instructional video at www.mycash.wyo.gov before searching the online database.
Thanks to the $3.54 million deposited in October and another $3.91 million deposited so far in November, the amount of money held by the State has swelled to over $100.6 million.
Unclaimed property is turned over when a business, agency, or governmental entity owes money, securities, or the contents of a safe deposit box, among other items, to someone and for whatever reason cannot locate the owner for a specified duration of time. The property is turned over to the State of the last known address. If there was no last known address, it is turned over to the State in which the business was incorporated.