Since 1975, the North Dakota Unclaimed
Property Division has worked to reunite individuals with
property that they have misplaced or lost.
in this case does not mean land, but consists of uncashed
checks, unused bank accounts, and other property such as
stocks and bonds that has not been claimed by the owner
for a specified period of time (generally two to five years).
In some cases the property was missed in the probate
of an estate, or it may have simply been forgotten by the
The division acts as custodian of these unclaimed funds from
banks, insurance companies, hospitals, utilities, retailers,
local governments, and other entities.
Once a year, any business operating in the State of North Dakota
is required to check its accounting records for dormant accounts,
outstanding checks, credit balances, unclaimed securities, etc.
Once the property is identified, the business owner needs to
notify the property owner at the last-known address to give them an
opportunity to recover the property. If the contact attempt is
unsuccessful or the owner doesn't respond, the business owner must turn the property over to the Unclaimed Property Division.
Annual reporting is required whether or not the business has any funds to
remit. (For more information regarding deadlines, dormancy periods, and
other reporting requirements for businesses, go to Reporting Instructions for Businesses).
Once the money is reported to this division, efforts
are made to "reunite" the property with its
owner in the following ways:
The State guarantees that this money will
be held forever for the rightful owner or the owner's heirs.
All citizens of North Dakota benefit from
property that remains unclaimed, since the interest
earned on this money is used to help fund public schools (grades K-12)
throughout the state. Currently, approximately $50 million remains unclaimed.
TO CHECK IF YOUR NAME IS ON THE NORTH DAKOTA UNCLAIMED PROPERTY LIST CLICK HERE.