Those $0.5 billion in assets are owned by Kentuckians and local government agencies.
As required by Kentucky law, companies are to mail letters to potential owners of property over a period of time. If assets aren’t claimed within 60 days, they get reported to the Kentucky State Treasury Unclaimed Property Division.
The state treasurer said the items mostly consist of:
- Payroll checks
- Unclaimed safety deposit boxes
- Old life insurance policies
- Vendor checks
If you’ve received a letter from a company to claim funds, the treasurer said to contact the company directly.