The below table shows the dormancy period for money being held in Arkansas before it is turned over to the unclaimed money department.
Arkansas UCP Dormancy Periods
|Class Action proceeds||1 year|
|Credit Balance||3 years|
|Debt Security||5 years|
|Demand, Savings, or Time Deposit||5 years|
|Dissolution Distribution||1 year|
|Government, Governmental Subdivision, Agency or Instrumentality||1 year|
|Mineral Proceeds||5 years|
|Money Orders||7 years|
|Retirement Accounts and Plans||3 years|
|Safe Deposit Box Contents or Safekeeping||5 years|
|Stock or other equity interest||5 years|
|Travelers Checks||15 years|
|Wages, commissions||1 year|
|Utility Deposit or Refund||1 year|
|All Other Property not specifically listed such as uncashed checks, drafts, and instruments; property held by agents and fiduciaries, etc.||5 years|
Once money has been dormant for the period of time mentioned above, the company that is holding it is required by law to turn it over to unclaimed money department.
There it is held in perpetuity until the rightful owner claims it.
Arkansas has what is called the “”Great Arkansas Treasure Hunt” where you can search for unclaimed money being held there.
For more information on Arkansas unclaimed money, and to do your own search, please go to the Arkansas Unclaimed Money website.
Did you know you can make money finding unclaimed money for other people?
In return, they charge a commission after the money is recovered.
Please click here if you would like to learn more about this business.