Alberta’s unclaimed property registry exceeds $103 million


At the moment, the registry holds $103 million, together with an unclaimed $900,000 in money.

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Increase your hand in the event you’ve ever by chance misplaced practically $1 million.

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In line with the province’s unclaimed property registry, this occurred to a minimum of one Albertan. Now they’re searching for the unique proprietor of $900,000 by way of the web site MissingMoney.com.

The province’s unclaimed property registry was established in 2008 by the Unclaimed Private Property and Vested Property Act. By rule of the Act, companies, the federal government, utility companies, insurance coverage firms and universities are required to first find the rightful proprietor. If it has been deserted for 15 years and no rightful proprietor is discovered, it’s registered within the unclaimed property registry. At the moment, the registry holds $103 million, together with an unclaimed $900,000 in money.

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Albertans can enter their names at MissingMoney.com to see if there may be something to assert. The web site, which was established in 1999 and operated by Avenu Insights & Analytics, a Virginia-based firm, accommodates unclaimed funds from Canada and the US.

The Alberta Registry has returned $8 million to five,500 claimants since 2008. Final 12 months, $840,000 was returned to 470 authentic house owners. In line with a information launch from the Treasury Board and the Division of Finance, the very best quantity claimed was $368,124, which was paid final 12 months to an organization “with out money authorities and insurance coverage checks.”



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