Arkansas Treasure Hunt Links People With Lost Cash
Newspapers list names, try to return unclaimed property
September 19, 2011
A surprising number of people put valuable things in bank boxes, then up die or even forget about their stashes. After awhile, the contents go to the state, which tries to find the owners.
Today every newspaper in the state of Arkansas is publishing a special section. There are no stories in it. No photographs. Not even any advertisements. Nothing but page after boring page of names and addresses.
You see, September 19 is the start of what Arkansas calls its month-long “Great Arkansas Treasure Hunt,” in which the state auditor’s office tries to match people with millions of dollars in cash and personal property that is rightfully theirs.
“Unclaimed property,” it’s called. It can be an insurance check you received but never cashed and forgot about. Or money and jewels, stocks and bonds from your late parents’ bank lock box.
The bank or insurance company may not keep these valuables. By law, it must turn them over to the state, which makes a serious effort to find the owner.
And so, like other states, Arkansas compiles a list of the last known owners of unclaimed property and publishes it in newspapers and online. Arkansas’ unclaimed property reported for 2011 totals close to $23 million, with the owners of an additional $150 million in valuables from previous years still waiting to be found.
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