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Thursday, Apr. 28, 2016

State owes 100 county people

Monday, September 22, 2003

Nearly 100 Clay County residents will be the recipients of property valued at untold thousands of dollars, IF the State of Indiana can find them.

See inside today's newspaper for the advertisement heading, "The State of Indiana has millions in unclaimed property. Some of it may belong to you!" The ad points to the state attorney general's Web site: http://www.indianaunclaimed.com. The entire list of Clay County residents is published in the ad.

Clay is one of six Wabash Valley area counties in which Attorney General Steve Carter is seeking $268,718 in forgotten and unclaimed property. The other counties are Greene, Parke, Sullivan, Vermillion and Vigo. The list includes more than 1,000 people.

"Last year we returned more than $665,310 to owners from these counties," Carter said in a press release last week. The database contained more than $198 million due Hoosiers across the state. "Publishing the names of people who have had assets turned over to the state in the last year should help reunite more residents with their lost funds, and encourage more people to check the Unclaimed Property database for themselves."

The property has been held by banks, insurance companies and other holders, Carter said.

Unclaimed property is considered to be money or other financial assets that have been turned over to the Attorney General's Unclaimed Property Division after being left with a holder, without owner-generated activity for a certain amount of time. The property can be left in checking or savings accounts, credit balances, insurance proceeds, utility deposits or items left in a safe deposit box.

Though a majority of property is unclaimed money, some of the items turned over last year include a lady's platinum and diamond wristwatch, an original James Whitcomb Riley autographed book, a $5 gold piece from 1885 and photos of World War II building destruction and military artillery.

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