Dormancy Period Requirements
| Category of Property | Code Section | Period (in years) | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 5 | 7 | 10 | 15 | ||
| Bank and Financial Institution Funds DDA, TDA, CD Bank Check and Drafts |
§ 55-210.3:01 § 55-210.3:2 |
X | ||||||
| Travelers Checks | § 55-210.3:02 | X | ||||||
| Money Orders | § 55-210.3:02 | X | ||||||
| Safe Deposit/ Safe Keeping | § 55-210.3:3 | X | ||||||
| Life Insurance Funds Limiting age under mortality table reached All other Life Insurance proceeds |
§ 55-210.4:01 | X | X | |||||
| Other Insurance Property | § 55-210.4:1
& § 55-210.2:1 |
X | ||||||
| Utility Property Security Deposits (upon service termination) All other utility property |
§ 55-210.5 § 55-210.2:1 |
X | X | |||||
| Securities/Equities/Debt/Dividends/Interest | § 55-210.6:1 | X | ||||||
| Court Ordered Refunds | § 55-210.6:2 | X | ||||||
| Dissolution of Business | § 55-210.7 | X | ||||||
| Fiduciary Property | § 55-210.8 | X | ||||||
| Gift Certificates* and Credit Balances *see Code Section for exceptions |
§ 55-210.8:1 | X | ||||||
| Wages | § 55-210.8:2 | X | ||||||
| Governmental Agency/Public Corp. or Authority | § 55-210.9 | X | ||||||
| Courts/General Receivers | § 55-210.9:1 | X | ||||||
| Employee Benefit Trust Distributions | § 55-210.10:1 | X | ||||||
| All Other Property | § 55-210.2:1 | X | ||||||
| Early Reporting- Any Property | § 55-210.10:2 | |||||||
