State Treasurer returns nearly $18M in unclaimed property
CHARLESTON, W.Va. (AP) — West Virginia Treasurer John Perdue says his office found the owners of nearly $18 million of unclaimed property during the 2018 fiscal year.
The Charleston Gazette-Mail reports Perdue says in a release that the agency was able to return about half of what was reported as unclaimed property.
Unclaimed property can range from forgotten utility deposits to final paychecks. The property usually is held by a bank or company, which then reports it to the treasurer as unclaimed.
Around $10 million of the $18 million was returned to in-state residents. A little more than $7 million was returned to out-of-state residents. Doddridge County saw the most returned property, totaling almost $2 million.
Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.