State of California is inundated with its growing pile of unclaimed funds with almost 11.6 million individuals still unaware of their unclaimed cash or property. In responseto this unmanageable situation, the state of California has enacted Unclaimed Property Law that requires property holders such as corporations, business associations, financial institutions and insurance companies to annually report and return dormant property to the State Controller’s Office. By a rough estimate, about $600 million are collected by the California state unclaimed funds division annually.

This is a preview of: California’s Unclaimed Property Still Rising(533 words, estimated 2:08 mins reading time)

{"id":375,"date":"2010-10-13T15:34:42","date_gmt":"2010-10-13T20:34:42","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/?p=375"},"modified":"2010-10-13T15:34:42","modified_gmt":"2010-10-13T20:34:42","slug":"californias-unclaimed-property-still-rising","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/state-unclaimed-money\/california-ca\/californias-unclaimed-property-still-rising","title":{"rendered":"California’s Unclaimed Property Still Rising"},"content":{"rendered":"\n\n\t

<\/p>

State of California is inundated with its growing pile of unclaimed funds<\/a> with almost 11.6 million individuals still unaware of their unclaimed cash or property. In responseto this unmanageable situation, the state of California has enacted Unclaimed Property Law that requires property holders such as corporations, business associations, financial institutions and insurance companies to annually report and return dormant property to the State Controller’s Office. By a rough estimate, about $600 million are collected by the California state unclaimed funds division annually.<\/p>\n\n