Treasurer To Have Unclaimed Property Booth At County Fair
ABERDEEN, S.D. (AP) – The State Treasurer’s office is setting up a booth at the Brown County Fair to give unclaimed property back to its rightful owners.
The State Treasurer’s Unclaimed Property Division will open the booth Tuesday.
Unclaimed property refers to accounts in financial institutions, businesses and government agencies that have had no activity for three years or longer.
The division has more than $379 million in unclaimed funds. The state holds the money until it can be returned to the rightful owners.
Treasurer Rich Sattgast says the office’s goal is to put money back into South Dakotans’ hands. He says that money ultimately makes its way into the economy, which is good for the state.