The State of Arkansas is trying to locate the rightful owners of unclaimed, intangible personal property.
Intangible personal property includes cash, stocks, bonds, oil and gas royalties, credit balances or safe deposit box contents. Examples would include uncashed checks, bank accounts, utility deposits, and stock certificates.
Property of this type is unclaimed if it has not been delivered to or received by the apparent owner within the time prescribed by the state's Unclaimed Property Act.
On November 1 of each year, holders with unclaimed property must file a report with the Auditor of State and remit all property outstanding for one to five years on their books as of June 30 of that year. The auditor then has three years in which to attempt to locate the rightful owner before the funds are deposited into the State General Fund where they continue to be held for the benefit of the rightful owner.
Annually, a list of the currently reported owners of unclaimed property is published as "The Great Arkansas Treasure Hunt." All owners of record since 1985 are listed on the Internet. People may search for intangible property listed under their names, and download a form to claim the property.
Amounts can be as slight as a forgotten utility deposit, to thousands of dollars worth of unclaimed property.
In addition to voluntary reporting, the division conducts compliance audits of holders in the state and receives money from out of state holders through unclaimed property reporting services and clearing houses. Arkansas participates in a reciprocal exchange program that brings Arkansas assets reported to other states back to Arkansas.