Unclaimed Property Reporting Booklet - Washington State Digital ...

General OverviewWhat is UnclaimedProperty?Unclaimed Property is money or intangibleproperty owed to an individual or business.Property is considered unclaimed after it is heldfor a period of time with no owner contact, anda good faith effort has been made to locate theowner. Abandoned property is turned overto the Department of Revenue from many sources,including banks, credit unions, corporations, utilities,insurance companies, governmental entities, andretailers throughout the United States.Uniform UnclaimedProperty Act of 1983The Washington Unclaimed Property Act protectsunclaimed property until it is returned to its rightfulowner or their heir. The Department of Revenueacts as custodian for safe keeping of the propertyuntil the rightful owner can be located. Oncereported to the Department, abandoned propertyis available for refund to the owner or legalclaimant indefinitely.Washington State law requires businesses andother organizations (commonly referred to as“HOLDERS”) to review their records each yearto determine whether they hold any funds,securities or other property that has beenunclaimed for the required abandonment period.Holders file an annual report and deliver theproperty to the state. The length of time propertymust be abandoned before being turned overto the state varies by the type of property(see page 25).Who Must Report?The following entities are requiredto report unclaimed property:c Banking and financial organizations, includingstate or federally chartered banks in trustcompanies, savings banks, private bankers,savings and loan associations, credit unions,and investment companies.c Business associations wherever located, suchas a corporation, joint stock company, businesstrust, partnership, cooperative or otherassociation of two or more individualsfor business purposes, whether or not forprofit (including all insurance companies).c Utilities owned or operated for public use.c Legal entities including state, county, and citygovernments, political subdivisions, publicauthorities, public corporations, estates,and trusts.All holders are responsible for filing reportson behalf of their branches, divisions or otheraffiliated entities.Unclaimed Property Reporting Booklet 1

When to FileReports and remittance are due from ALLholders before November 1 of each year.The report must include all property that has goneunclaimed for the required dormancy period,as of the preceding June 30 (see page 25). The onlyexception is safe deposit box contents. You mustfirst send the report showing a complete inventoryof the property and list any unpaid charges. You willbe notified in writing when to deliverthe contents.Due DiligenceFor items over $75, written notices must be sentto owners between May 1 and August 1.The letters, often called “due diligence letters,”only need to be sent to owners who have validaddresses. The letter is intended to inform ownersthat there is property being held for them whichmay be turned over to the Washington StateDepartment of Revenue’s Unclaimed PropertySection due to inactivity. A sample due diligenceletter is included on page 29.If you are unable to submit your report by theNovember 1 due date, you may request anextension. Your request must be in writing andyou must state the reason the extension is needed.Interest may be charged on all property notreported or delivered timely as required by law.This interest may be charged even if the propertyis interest bearing for the lost owner. Interest iscalculated from the due date to the datepayment is received by the UnclaimedProperty office.Organizations with nothing to report thathave filed in the past should file a negative(zero) report.2 Unclaimed Property Reporting Booklet

General Reporting InstructionsGeneral Reporting InstructionsAggregate Amount $50Report and Remittance due date November 1Electronic ReportsMailing AddressStreet AddressMake checks payable to:Stock and bond registrationDue DiligenceNegative reportsVoluntary DisclosureNAUPA format on diskette, CDor via the internetState of Washington Department of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053State of WashingtonDepartment of RevenueUnclaimed Property Section2500 E Valley Rd Suite CRenton WA 98055Courier deliveries onlyask for AM deliveryState of Washington Unclaimed Property(include FEIN or Holder Number on check)State of WashingtonFEIN: 91-6001118 or by DTC to #0201for credit to account #59027603Letter sent for property with a value over$75 and sent between May 1 and August 1Required for all holders who have filedreports in the pastParticipants must apply in writingUnclaimed Property Reporting Booklet 3

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Electronic ReportingHolders may send their electronic reports in the NAUPA format for electronicreporting. The accepted media are online, diskette, or compact disc (CD).Electronic ReportingHolders may send their electronic reports in theNAUPA format for electronic reporting. Theaccepted media are online, diskette or compactdisc (CD).NEW: To send your report to our office viathe Internet go to http://ucp.dor. wa. gov. Clickon “Report it” and look for the “Electronicreporting” link.HRS–Pro SoftwareYou may download free reporting softwareat www. wagers. net.NOTE: Any diskette or CD must includean external label with the preparer’s name,telephone number and federal identificationnumbers for all companies being reported. Thelabel must also include the holder number(s)included on the diskette or CD.Unclaimed Property Reporting Booklet 5

Instructions for CompletingSummary Report for Unclaimed PropertyForm (Rev 80 0004-1)Complete “Detail Report” before fillingout this form.Shaded areas are for Department use only.Holder, Name and AddressEnter business name and address. This address willbe used for future reports or correspondenceregarding unclaimed property.Washington Holder NumberEnter your holder number. For first time reporters,leave blank. A holder number will be assigned.Federal ID Number (FEIN)Enter your nine digit FEIN. (xx-xxxxxxx)Current YearEnter the current year.Date and State of IncorporationEnter your date and state of incorporation.Unified Business Identifier (UBI) Number(xxx-xxx-xxx)Enter your nine digit Washington State UBI,if known.Primary Business ActivityBriefly describe your primary business activity.Contact PersonEnter the name, telephone number, and emailaddress of contact person.Inactive AccountWe do not have property to report for this yearand do not expect to report in the near future.Close AccountCheck this box if your company has closedor merged with another company.Summary of Property ReportedGet this information from your “Detail Report.”Combine each property by category code(see page 28*) http://dor.wa.gov/docs/pubs/ucp/Category.pdf and enter the totals.Send report(s) and payment to:State of Washington Unclaimed Property.Report DeclarationThe report must be signed by an authorizedindividual.How to Transfer SecuritiesSecurities must be registered in the name “Stateof Washington, Department of Revenue,” taxidentification number 91-6001118. Certificatesmust be mailed with the report. Mutual funds anddividend reinvestment plans should be transferredinto the state’s name and a confirmation sent withthe report.DTC InformationA DTC transfer may be made by depositing sharesto DTC #0201 for credit to account #59027603.When making a DTC transfer, send a list of thesecurities by email to ucp@dor.wa.govor fax at (360) 586-2163.*Online Property Category Code Table availableat http://dor.wa.gov/docs/pubs/ucp/Category.pdf.6 Unclaimed Property Reporting Booklet

Business Name:Attn or in care of:Mailing Address:City, State, Zip:Washington StateDepartment of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053(360) 705-6706 Please print clearly and use black ink onlyAddress changeSummary Reportfor Unclaimed PropertyReport and Payment Due by November 1Washington Holder NumberFederal ID Number Report Year Sequence NumberDate & State of IncorporationPrimary Business ActivityUBI NumberDate Received (office use only)Contact Person:Name( )Telephone NumberE-mailInactive Account:Close Account:Check here if you do not anticipate having property to report.NOTE: You will need to request report forms or other communications ifyou need to report in the future.Check here if your business is closing or is closed.Summary of Property ReportedCategory CodeAmountCategory CodeAmount$$$$$$$$$Safe Deposit Boxes #Certificate No./DTCCUSIP No.SymbolShare QuantityTotal NamesSignatureTitleTotal SharesDateMAILING ADDRESS:Department of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053$Total CashFor assistance visit ucp.dor.wa.gov or call (360) 705-6706. To inquire about the availability of this document in an alternate format for thevisually impaired, please call (360) 705-6715. Teletype (TTY) users may call 1-800-451-7985.REV 80 0004-1 (06/24/08)Unclaimed Property Reporting Booklet 7

Washington StateDepartment of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053(360) 705-6706Negative Reportfor Unclaimed Property Please print clearly and use black ink onlyAddress changeBusiness Name:Attn or in care of:Mailing Address:City, State, Zip:Report and Payment Due by November 1Washington Holder NumberFederal ID Number Report Year Sequence NumberDate & State of Incorporation UBI NumberPrimary Business ActivityDate Received (office use only)Contact Person:Name( )Telephone NumberE-mailNo Property to Report:Inactive Account:Close Account:Check here if you do not have any property to report, then complete the declaration below.Check here if you do not anticipate having property to report. NOTE: You will need torequest report forms, if you need to report in the future.Check here if your business is closing or is closed.Report Declaration:I declare that this report, including attachments, has been examined by me. I am duly authorized by the holder herein toexecute this report and that I believe said report is true, correct, and complete for the stated period.Signature Title DateNEGATIVE REPORT INSTRUCTIONSShaded are for the Department use only.Holder Reporting Number, Name and Address: Enter business name and address. This address will be used for future reports orcorrespondence regarding unclaimed property.Name and Address Change: Enter the correct name and address above. Attach a list of subsidiaries that are reporting under thesame holder name.Washington Holder Number: Enter your holder number. For first time reporters, leave blank. A holder number will be assigned.Federal ID Number (FEIN): Enter your nine digit FEIN.Current Year: Enter the current year.Date and State of Incorporation: Enter your date and state of incorporation.Unified Business Identifier (UBI): Enter your Washington State (UBI), if known.Primary Business Activity: Briefly describe your primary business activity.Contact Person: Enter the name, telephone number, and e-mail address of contact person.No Property to Report: Check this box if you have nothing to report for the reporting year.Inactive Account: You do not have property to report for this year and do not expect to report in the near future.Close Account: Check this box if your company has closed or merged with another company.Report Declaration: This report must be signed by an authorized individual.For assistance visit ucp.dor.wa.gov or call (360) 705-6706. To inquire about the availability of this document in an alternate format for the visually impaired, pleasecall (360) 705-6715. Teletype (TTY) users may call 1-800-451-7985.REV 80 0050 (06/25/08)Unclaimed Property Reporting Booklet 9

Instructions for CompletingThe Detail Report for Unclaimed PropertyForm (Rev 80 0008)The Detail Report for Unclaimed Property is used to report individualabandoned items. Abandoned items are defined in the Uniform UnclaimedProperty Act RCW 63.29.Owner name(s) and reported address are published on our web site. All other information is confidential.We do not disclose social security number, federal employer identification number, and date of birth.Holder NameEnter business name.Report YearEnter the report year.Holder NumberEnter your holder number. For first time reporters,leave blank. A holder number will be assigned.Owner InformationEnter all information for each owner. If unknown,leave blank.Last NameEnter owner’s last name or full business name.First NameEnter owner’s first name.Middle InitialEnter owner’s middle initial.Relation to First OwnerIf reporting more than one owner for the property,enter the relationship (for example: and, or, trusteefor, custodian, etc).TitleMD, Mr., Mrs., Jr, or Sr.Date of BirthEnter owner’s date of birth.SSN/FEINEnter owner’s social security numberor Federal Employer Identification Number (FEIN).Secondary Owner InformationIf there is more than one property owner, entertheir information in the secondary owner fields.Owner AddressEnter the last known address even if you knowthe address is invalid (information is used to identifythe proper owner when a claim is received).CityEnter the city.StateEnter the state.Zip CodeEnter the zip code.Property InformationMonetary PropertyEnter the following information for the monetaryamount being reported:Category CodeEnter the property category code.Refer to the Property Category Code Tableon page 28.Original AmountEnter the amount due before any deductions.Deduction AmountEnter the deduction amount.Deduction Types•y Service charge•y Interest deducted or discontinued•y Dividends deducted or discontinuedInterest RateIf the property reportedis interest-bearing, enter the interest rate. TheDepartment will continue to pay the reportedrate of interest for up to 10 years.Unclaimed Property Reporting Booklet 11

SecuritiesWorthless/Nontransferable SecuritiesDo not report worthless or nontransferablesecurities. If they do become transferable or gainvalue, report and remit the shares to our officeat that time. You will not be penalized for latereporting in these situations. If you are reportingsecurities from a safe deposit box, use the SafeDeposit Box Report Form.Enter the following information for the securitiesbeing reported:Category Code: Enter the property categorycode.CUSIP: Enter the CUSIP number for thesecurities being reported.Number of Shares: Enter the number of sharesbeing reported.Municipal ReportingIf the property is being retained as allowed in RCW63.29.190, check the box labeledProperty RetainedNOTE: Restitution funds are sent to the statetreasurer and are not considered unclaimedproperty.ID Number 1: Enter the check numberor account number, etc.ID Number 2: Enter any other identifyingnumber(s).Last Activity DateEnter the last activity date. For example, last depositor withdrawal date, check or draft issue date, or thelast documented communication.PageEnter the page number.Page TotalsEnter total amount for this page.Grand TotalAdd each page total and enter amount on thelast page.12 Unclaimed Property Reporting Booklet

Washington StateDepartment of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053(360) 705-6706Holder NameDetail Report for Unclaimed PropertyReport YearHolder NumberPrimary Owner Last Name First Name Middle Initial Relation to 1st owner:Title Date of Birth SSN/FEINComplete Secondary Owner Information If There Is More Than One Owner For This PropertySecondary Owner Last Name First Name Middle InitialTitle Date of Birth SSN/FEIN Relationship to PrimaryOwner Address City State ZipMonetaryCategory CodeOriginal AmountDeduction AmountDeduction TypeInterest RateSecuritiesCategory CodeCUSIPNumber of SharesProperty Retained (Municipal Gov’t Only)ID NumberID NumberLast Activity DatePrimary Owner Last Name First Name Middle Initial Relation to 1st owner:Title Date of Birth SSN/FEINComplete Secondary Owner Information If There Is More Than One Owner For This PropertySecondary Owner Last Name First Name Middle InitialTitle Date of Birth SSN/FEIN Relationship to PrimaryOwner Address City State ZipMonetaryCategory CodeOriginal AmountDeduction AmountDeduction TypeInterest RateSecuritiesCategory CodeCUSIPNumber of SharesProperty Retained (Municipal Gov’t Only)ID NumberID NumberLast Activity DatePage of Page Total $Grand Total $For assistance visit ucp.dor.wa.gov or call (360) 705-6706. To inquire about the availability of this document in an alternate format for the visually impaired,please call (360) 705-6715. Teletype (TTY) users may call 1-800-451-7985.REV 80 0008 (06/24/08)Unclaimed Property Reporting Booklet 13

Aggregate & Unknown Owner Report for Unclaimed PropertyHolder NameReport YearHolder Number Page OfAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StAGGUNKCat Code Property ID 1 Property ID 2 Lst Actvy Orig AmtDed Amt Ded Type Int Rate StFor assistance visit ucp.dor.wa.gov or call (360) 705-6706. To inquire about the availability of this document in an alternate format for the visuallyimpaired, please call (360) 705-6715. Teletype users may call 1-800-451-7985.REV 80 0051 (06/30/08)Unclaimed Property Reporting Booklet 17

Instructions for CompletingSafe Deposit Box ReportForm (Rev 80 0002-1)When to report: This form is used to reportsafe deposit box contents only. It should becompleted and mailed by November 1 with theSummary Report REV 80 0004-1. Send this reportand a copy of the Summary Report separately fromyour regular report.You may submit the owner names and addresseselectronically using the HRS-Pro format. However,our system currently cannot accept the inventorydetail in that format.When to remit: DO NOT send safe depositbox contents with the November report. TheDepartment will notify you in writing of thedelivery date and instructions on the method ofshipment. All boxes are to be sent in their entirety.All coins and cash must be sent intact. Bank checksubstitutions for cash or coins are not permitted.Please type or legibly print your report.a. Holder: Enter the holder’s name andaddress exactly as it appears (aftercorrections, if any) on the SummaryReport for Unclaimed Property.b. Holder number: Enter the WashingtonState Unclaimed Property holder numberassigned to you, if known. Use thisnumber on all related correspondence.c. Report year: Enter the year for which thereport is being filed.d. Period covered: Enter the period coveredfor this report.Page: Enter the page number of the report(for example, 1 of 2).Note: all shaded areas are forDepartment use onlyItem 1: Enter the owner’s safe deposit boxnumber or safekeeping area where contents wereheld (vault, property room, etc. ).Item 2: Enter the owner(s) full name(last name first).a. List last name, full first name and full middlename, if available, on the appropriate lines.Be sure to include information which wouldhelp in identification such as Jr. , Sr. , Miss, Mrs. ,etc. , after the middle name (for example,Smith, Jane Ann, Mrs. ).b. Corporate titles should be entered exactlyas adopted except that the word “the” shouldbe omitted when it is the first word in the title.c. If a single safe deposit box has two owners,the names of both owners must be shownalong with the relationship (for example,“trustee for,” “or,” “and” etc.).Item 3: Enter the owner(s) social securitynumber. If there is more than one owner, includeall social security numbers that are available.Item 4: Enter the last known address of theowner. If a single safe deposit box has two or moreowners, the addresses of both must be shown. If allowners have the same address, the address may beentered once.Item 5: Enter the date the safe deposit box rentalperiod expired, or in the case of safe keepingitems, the date of the last positive contact withthe owner.Item 6: Enter the name of the bank branchlocation where property was held. List thecomplete address including the zip code.Unclaimed Property Reporting Booklet 19

Item 7: Enter the amounts still owing to theholder. These amounts include unpaid safe depositbox rental charges, drilling fees, and safekeepingcosts. Do not deduct any of these costs fromany cash that may be in the box at this time.Holders may request reimbursement from thestate for allowed charges and fees following theDepartment’s auction of the contents. Only thosefees listed on the form may be assessed.NOTE: Delivery must be timely. Unless the delay isprearranged, you may not be reimbursed for any feesif your delivery is made after the established deliverytime. Please contact us if you will need additionaltime to deliver the contents.Item 8: Enter an itemized description of the safedeposit box or safekeeping contents. Open allsealed envelopes/containers to obtain an accuratedescription. Use the following examples andguidelines in completing your descriptions:a.b.one 14k gold colored ring with two clear stonesthree silver colored necklacesc. one pair screwback earrings each with oneruby-like stoned. one coin wrapper containing 50 US penniesdated 1918-1964 (if wrapper is empty,please indicate)e.f.one coin book containing 73 Jefferson nickelsone yellow metal chain with ivory-like pendantg.h.i.j.Lucky Strike Mining Co. , cert. #LSM634, 50 shs.Common, dated 1-13-32one $50 US Series E savings bond dated5-12-62, #Q6349724Pone envelope containing two wills, four birthcertificates, and miscellaneous legal papersone envelope containing miscellaneous personalpapers of no apparent value (for example:receipts, canceled checks, tax papers, photos,newspaper clippings, etc. )20 Unclaimed Property Reporting Booklet

(B) Holder Number (D) Period Covered To1) Safe Deposit Box Number 5) Date of Abandonment (Month, Day, Year)2 & 3) Owner’s Name & Social Security Number 6) Branch Property Was HeldLast Name First MiddleSocial Security Number4) Owner’s Mailing Address 7) Amount Due HolderStreet or PO BoxCity State Zip CodeBranch NameStreet or PO Box8) Itemized Description of Contents (One Item Per Line or Attach Itemized List):1. 8.2. 9.3. 10.4. 11.5. 12.6. 13.City State Zip CodeDrilling $Unpaid Rent $Safekeeping $For tax assistance visit http://dor.wa.gov or call 1-800-647-7706. To inquire about the availability of this document in an alternate format for the visually impaired,please call (360) 705-6715. Teletype (TTY) users may call 1-800-451-7985.REV 80 0002-1 (07/26/07)Report of Unclaimed Safe Deposit Box Contents Page of(A) Holder (C) Report YearOne Box Per Page Do not send contents with original report.Type Amount7. 14.Unclaimed Property Reporting Booklet 21

Certificate of HolderInstructions for CompletingCertificate of Holder formThe Certificate of Holder form is used when holderhas repaid the owner or holder reported in error.Unclaimed Property Account No.Department use onlyVerified Legal Claimant InformationEnter reported owner name, claimant name(if different), attention to, and mailing addresswhere refund should be mailed.If you reported in error, attach documentationand a detailed explanation.Holder InformationEnter holder name, holder number (if Known),mailing address, and phone number.If you repaid owner, include proof of repaymentsuch as a photo copy of canceled check (front andback) or a statemant signed by the claimant.Claim InformationEnter dollar amount reported for, year reported/sequence number (if more than one report wassent for that year), ID number, property type, andwhether it was reported as an aggregate.Holder’s Declaration and NotaryEnter date, place, signature and title. Form mustbe notarized.Unclaimed Property Reporting Booklet 23

Washington StateDepartment of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053(360) 705-6706CERTIFICATE OF HOLDER1. Unclaimed Property Account No.:Department Use Only2. Verified Legal Claimant Information: 3. Holder Information:Reported Owner NameHolder Name & Holder NumberClaimant Name (if different)AttentionAttentionMailing AddressMailing AddressCity, State, ZipCity, State, Zip( )Phone Number4. Claim Information:$ ______________ ______________ ____________ ____________ Yes NoAmount Reported Year Reported/ ID Number Property Type AggregateSequence Number5. Holder Declaration and Notary:I certify under penalty of perjury under the laws of the State of Washington that the foregoing is trueand correct.________________________________________City and state in which signed_________________________________________________________________________________________________Signature and TitleDateSubscribed and sworn to before me this ________day of _______________________ , 20 ________________Notary Public (print name)Notary Public (signature)Residing atCommission ExpiresREV 80 0007-1 (6/18/08)Please See Reverse Side for Detailed Instructions24 Unclaimed Property Reporting Booklet

Washington Unclaimed PropertyAbandonment PeriodsChapter 63. 29 RCWSection Description Period. 020 Miscellaneous property held in the normal courseof business (Vendor Checks, Credit Balances,Unclaimed Stock, Undelivered Stock, Dividends,and any property not specified in other sections)3 years. 040(1) Travelers’ checks 15 years. 040(2) Money orders 5 years. 050 Written instruments (banking and financial association) 3 years. 060 Savings, matured time deposits, demand deposits(checking), now, plus interest or dividends.3 years. 070 Funds held by life insurance companies 3 years. 070(3) Limiting age 2 years. 080 Utility deposits and refunds 1 year. 090 Ordered refunds 1 year. 100 Underlying shares and mutual funds 3 years. 110 Liquidating distributions 1 year. 120 Funds held by fiduciaries, agents 3 years. 130 Funds held by federal governmentsor other governmental agencies2 years. 140 Gift certificates and credit memos 3 years. 150 Wages and payroll checks 1 year. 160 Safe deposit boxes and safekeeping 5 yearsUnclaimed Property Reporting Booklet 25

REPORT YEAR CONVERSION TABLEMOST PROPERTY (Five to three years abandonment period effective November 2004 report)Items that were issued orhad a last activity date during7/1/92 thru 6/30/937/1/93 thru 6/30/947/1/94 thru 6/30/957/1/95 thru 6/30/967/1/96 thru 6/30/977/1/97 thru 6/30/987/1/98 thru 6/30/017/1/01 thru 6/30/027/1/02 thru 6/30/037/1/03 thru 6/30/047/1/04 thru 6/30/057/1/05 thru 6/30/06Catch-up year property types sections related to RCW 63. 29. 020 General property not specified in other sections. 050 Cashier checks and official checks. 060 Savings, checking, and time deposits. 070 (1) Life insurance funds. 100 Underlying shares, drp’s and mutual funds. 120 Funds held by fiduciaries and agents. 140 Gift certificates and credit memosNeed to be reportedon the report byNovember 1, 1998November 1, 1999November 1, 2000November 1, 2001November 1, 2002November 1, 2003November 1, 2004November 1, 2005November 1, 2006November 1, 2007November 1, 2008November 1, 2009PAYROLL & UTILITIES(One year abandonment period)Items that were issued orhad a last activity date during7/1/96 thru 6/30/977/1/97 thru 6/30/987/1/98 thru 6/30/997/1/99 thru 6/30/007/1/00 thru 6/30/017/1/01 thru 6/30/027/1/02 thru 6/30/037/1/03 thru 6/30/047/1/04 thru 6/30/057/1/05 thru 6/30/067/1/06 thru 6/30/077/1/07 thru 6/30/08Need to be reportedon the report due byNovember 1, 1998November 1, 1999November 1, 2000November 1, 2001November 1, 2002November 1, 2003November 1, 2004November 1, 2005November 1, 2006November 1, 2007November 1, 2008November 1, 200926 Unclaimed Property Reporting Booklet

REPORT YEAR CONVERSION TABLEPUBLIC AGENCIES (Two year abandonment period)Items that were issued orhad a last activity date during7/1/95 thru 6/30/967/1/96 thru 6/30/977/1/97 thru 6/30/987/1/98 thru 6/30/997/1/99 thru 6/30/007/1/00 thru 6/30/017/1/01 thru 6/30/027/1/02 thru 6/30/037/1/03 thru 6/30/047/1/04 thru 6/30/057/1/05 thru 6/30/067/1/06 thru 6/30/07Need to be reportedon the report due byNovember 1, 1998November 1, 1999November 1, 2000November 1, 2001November 1, 2002November 1, 2003November 1, 2004November 1, 2005November 1, 2006November 1, 2007November 1, 2008November 1, 2009MONEY ORDERS & SAFE DEPOSIT BOX CONTENTS(Five year abandonment period)Items that were issued orhad a last activity date during7/1/92 thru 6/30/937/1/93 thru 6/30/947/1/94 thru 6/30/957/1/95 thru 6/30/967/1/96 thru 6/30/977/1/97 thru 6/30/987/1/98 thru 6/30/997/1/99 thru 6/30/007/1/00 thru 6/30/017/1/01 thru 6/30/027/1/02 thru 6/30/037/1/03 thru 6/30/04Need to be reportedon the report byNovember 1, 1998November 1, 1999November 1, 2000November 1, 2001November 1, 2002November 1, 2003November 1, 2004November 1, 2005November 1, 2006November 1, 2007November 1, 2008November 1, 2009Unclaimed Property Reporting Booklet 27

PROPERTY CATEGORY CODE TABLEAccount Balances Due (AC)AC01 Checking accountsAC02 Savings accountsAC03 Matured certificates of deposit orsavings certificatesAC04 Christmas Club accountsAC05 Money on deposit to securefundsAC06 Security depositsAC07 Unidentified depositsAC08 Suspense accountsAC09 InterestCourt Deposits (CT)CT01 Escrow fundsCT02 Condemnation awardsCT03 Missing heir’s fundsCT04 Suspense accountsCT05 Any other types of deposits madewith a court or public authorityCT06 Unrefunded bondsCT07 JudgmentCT08 GarnishmentCT09 SupportCT10 RestitutionCT11 Bail RefundInsurance (IN)IN01 Individual policy benefits orclaim paymentsIN02 Group policy benefits or claimpaymentsIN03 Death benefits due beneficiariesIN04 Proceeds from matured policies,endowments, or annuitiesIN05 Premium refunds on individualpoliciesIN06 Unidentified remittancesIN07 Other amounts due under policytermsIN08 Agent credit balancesIN09 Unrefunded BondMiscellaneous Checks and IntangiblePersonal Property Held in the OrdinaryCourse of Business (MS)MS01 Wages, payroll, or salaryMS02 CommissionsMS03 Worker’s compensation benefitsMS04 Payment for goods and servicesMS05 Customer overpaymentsMS06 Unidentified remittancesMS07 Unrefunded overchargesMS08 Accounts payableMiscellaneous Checks and IntangiblePersonal Property Held in the OrdinaryCourse of Business (MS)MS09 Credit balances/accountsreceivableMS10 Discounts dueMS11 Refunds/rebates dueMS12 Unredeemed gift certificatesMS13MS14MS15MS16MS17MS18MS19Unclaimed loan collateralSums payable under pension andprofit sharing plans(e.g., IRA, KEOGH)Property distributable in thecourse of involuntary dissolutionor liquidationAny other miscellaneousoutstanding checksAny other miscellaneousintangible personal propertySuspense liabilitiesPayroll Agent ADPUtilities (UT)UT01 Utility depositsUT02 Membership feesUT03 Refunds or rebatesUT04 Capital credit distributionsUncashed Checks (CK)CK01 Cashiers’ checksCK02 Certified checksCK03 Registered checksCK04 Treasurers’ checksCK05 DraftsCK06 WarrantsCK07 Money ordersCK08 Travelers’ checksCK09 Foreign exchange checksCK10 Expense checksCK11 Pension checksCK12 Credit checks or memosCK13 Vendor checksCK14 Any checks that have been writtenoff to income or surplusCK15 Any other outstanding officialchecks or exchange itemsCK16 CD interest checksTrust, Investments and EscrowAccounts (TR)TR01 Paying agent accountsTR02 Undelivered dividends oruncashed dividendsTR03 Funds held in a fiduciarycapacityTR04 Escrow accountsTR05 Trust vouchersTR06 Pre-need funeral plansSafe Deposit Boxes & Safekeeping (SD)SD01 Contents of safe deposit boxesSD02 Contents of any othersafekeeping repositorySD03 Other tangible propertySD04 Unclaimed loan collateralProceeds From Mineral Interests (MI)MI01 Net revenue interestsMI02 RoyaltiesMI03 Overriding royaltiesMI04 Production paymentsMI05 Working interestsMI06 BonusesMI07 Delay rentalsMI08 Shut-in royaltiesMI09 Minimum royaltiesSecurities (SC)SC01 DividendsSC02 Interest payable on registeredbondsSC03 Shares of preferred stockSC04 Equity paymentsSC05 ProfitsSC06 Funds paid toward the purchaseof shares, or interest in afinancial or businessorganizationSC07 Bearer bond interest/principalSC08 Shares of stock (returned bypost office)SC09 Cash for fractional sharesSC10 Unexchanged stock of successorcorporationSC11 Any other certificatesof ownershipSC12 Underlying shares of stockSC13 Funds for liquidation/redemptionof unsurrendered stocks or bondsSC14 DebenturesSC15 U.S. Government SecuritiesSC16 Mutual fundsSC17 Warrants or rightsSC18 Matured principal on registeredbondsSC19 Dividend reinvestment plansSC20 Credit balancesSC21 Bearer Bond InterestSC22 Bearer Bond PrincipalSC23 Cash in LieuREV 80 0004e (fill-in) -2 (1-13-03)REV 80 0004 (7/13/04)28 Unclaimed Property Reporting Booklet

Due DiligenceHolders must send due diligence letters for any property valuedover $75. The letters must be sent between May 1 and August 1.Sample Letter(See page 25. )May 1, YEAROwner Name1234 Any Street NAny Town, US 99999-9999We Have Unclaimed Property That Belongs To YouDear Owner Name:We have at least $75 dollars that belongs to you and need to return it.To get your money backPlease write us at the address below, or call (999) 999-9999.Your Company Name123 Avenue SYour Town, US 99999The law requires us to submit this property to the Washington State Departmentof Revenue by November 1 of each year. If we do not hear from you by date*,you will need to contact the state to get your money back.Sincerely,*For date, determine the last date you can remove items from your system for refund,remembering to allow for processing time to get the funds to the Unclaimed Propertyoffice by the due date.Unclaimed Property Reporting Booklet 29

RCW Sections63. 29. 010 Definitions and use of terms.63. 29. 020 Property presumed abandoned – General rule– Exceptions.63. 29. 030 General rules for taking custody of intangibleunclaimed property.63. 29. 040 Travelers checks and money orders.63. 29. 050 Checks, drafts, and similar instruments issuedor certified by banking and financial organizations.63. 29. 060 Bank deposits and funds in financial organizations.63. 29. 070 Funds owing under life insurance policies.63. 29. 080 Deposits held by utilities.63. 29. 090 Refunds held by business associations.63. 29. 100 Stock and other intangible interests in businessassociations.63. 29. 110 Property of business associations held in courseof dissolution.63. 29. 120 Property held by agents and fiduciaries.63. 29. 130 Property held by courts and public agencies.63. 29. 133 Property held by landlord.63. 29. 135 Abandoned intangible property held by localgovernment.63. 29. 140 Gift certificates and credit memos.63. 29. 150 Wages.63. 29. 160 Contents of safe deposit box or other safekeepingrepository.63. 29. 165 Property in self-storage facility.63. 29. 170 Report of abandoned property.63. 29. 180 Notice and publication of information aboutunclaimed property.63. 29. 190 Payment or delivery of abandoned property.63. 29. 200 Custody by state – Holder relieved from liability –Reimbursement of holder paying claim – Reclaimingfor owner – Defense of holder – Payment of safedeposit box or repository charges.63. 29. 210 Crediting of dividends, interest, or incrementsto owner’s account.63. 29. 220 Public sale of abandoned property.63. 29. 230 Deposit of funds.63. 29. 240 Filing of claim with department.63. 29. 250 Claim of another state to recover property– Procedure.63. 29. 260 Action to establish claim.63. 29. 270 Election to take payment or delivery.63. 29. 280 Destruction or disposition of property havinginsubstantial commercial value – Immunityfrom liability.63. 29. 290 Periods of limitation.63. 29. 300 Requests for reports and examination of records.63. 29. 310 Retention of records.63. 29. 320 Enforcement.63. 29. 330 Interstate agreements and cooperation – Joint andreciprocal actions with other states.63. 29. 340 Interest and penalties.63. 29. 350 Penalty for excessive fee for locating abandonedproperty.63. 29. 360 Foreign transactions.63. 29. 370 Rules.63. 29. 380 Information and records confidential.63. 29. 900 Effect of new provisions – Clarification of application.63. 29. 901 Captions not law – 1983 c 179.63. 29. 902 Uniformity of application and construction.63. 29. 903 Short title.63. 29. 904 Severability – 1983 c 179.63. 29. 905 Effective date – 1983 c 179.63. 29. 906 Effective date – 1996 c 45.Notes: Abandoned inmate personal property: Chapter 63. 42 RCW.Unclaimed property in hands of the state patrol: Chapter 63. 35 RCW.RCW 63. 29. 010Definitions and use of terms.As used in this chapter, unless the context otherwiserequires:(1) “Department” means the department of revenueestablished under RCW 82. 01. 050.(2) “Apparent owner” means the person whose nameappears on the records of the holder as the personentitled to property held, issued, or owing by the holder.(3) “Attorney general” means the chief legal officer of thisstate referred to in chapter 43. 10 RCW.(4) “Banking organization” means a bank, trust company,savings bank, land bank, safe deposit company, privatebanker, or any organization defined by other law as abank or banking organization.(5) “Business association” means a nonpublic corporation,joint stock company, investment company, business trust,partnership, or association for business purposes of twoor more individuals, whether or not for profit, includinga banking organization, financial organization, insurancecompany, or utility.(6) “Domicile” means the state of incorporation ofa corporation and the state of the principal place ofbusiness of an unincorporated person.(7) “Fare card” means any pass or instrument, andvalue contained therein, purchased to utilize publictransportation facilities or services. “Fare card” does notinclude “gift card” or “gift certificate” as those terms aredefined in RCW 19. 240. 010.(8) “Financial organization” means a savings andloan association, cooperative bank, building and loanassociation, or credit union.(9) “Gift certificate” has the same meaning as in RCW 19.240. 010.(10) “Holder” means a person, wherever organized ordomiciled, who is:(a) In possession of property belonging to another,(b) A trustee, or(c) Indebted to another on an obligation.(11) “Insurance company” means an association,corporation, fraternal or mutual benefit organization,whether or not for profit, which is engaged in providinginsurance coverage, including accident, burial, casualty,credit life, contract performance, dental, fidelity, fire,health, hospitalization, illness, life (including endowmentsand annuities), malpractice, marine, mortgage, surety, andwage protection insurance.(12) “Intangible property” does not include contractclaims which are unliquidated but does include:(a) Moneys, checks, drafts, deposits, interest, dividends,and income;(b) Credit balances, customer overpayments, giftcertificates, security deposits, refunds, credit memos,unpaid wages, unused airline tickets, and unidentifiedremittances, but does not include discounts whichrepresent credit balances for which no considerationwas given;(c) Stocks, and other intangible ownership interestsin business associations;30 Unclaimed Property Reporting Booklet

(d) Moneys deposited to redeem stocks, bonds,coupons, and other securities, or to make distributions;(e) Liquidated amounts due and payable under theterms of insurance policies; and(f) Amounts distributable from a trust or custodialfund established under a plan to provide health,welfare, pension, vacation, severance, retirement,death, stock purchase, profit sharing, employee savings,supplemental unemployment insurance, or similarbenefits.(13) “Last known address” means a description of thelocation of the apparent owner sufficient for the purposeof the delivery of mail.(14) “Owner” means a depositor in the case of a deposit,a beneficiary in case of a trust other than a depositin trust, a creditor, claimant, or payee in the case ofother intangible property, or a person having a legal orequitable interest in property subject to this chapter orhis legal representative.(15) “Person” means an individual, business association,state or other government, governmental subdivision oragency, public corporation, public authority, estate, trust,two or more persons having a joint or common interest,or any other legal or commercial entity.(16) “State” means any state, district, commonwealth,territory, insular possession, or any other area subject tothe legislative authority of the United States.(17) “Third party bank check” means any instrumentdrawn against a customer’s account with a bankingorganization or financial organization on which thebanking organization or financial organization is onlysecondarily liable.(18) “Utility” means a person who owns or operatesfor public use any plant, equipment, property, franchise,or license for the transmission of communications orthe production, storage, transmission, sale, delivery, orfurnishing of electricity, water, steam, or gas.[2005 c 285 § 1; 2004 c 168 § 13; 1983 c 179 § 1. ]Notes: Effective date — 2004 c 168 §§ 13 and 14:“Sections 13 and 14 of this act take effect July 1, 2004. ”[2004 c 168 § 19. ]RCW 63. 29. 020Property presumed abandoned — General rule —Exceptions.(1) Except as otherwise provided by this chapter, allintangible property, including any income or incrementderived therefrom, less any lawful charges, that is held,issued, or owing in the ordinary course of the holder’sbusiness and has remained unclaimed by the ownerfor more than three years after it became payable ordistributable is presumed abandoned.(2) Property, with the exception of unredeemedWashington state lottery tickets and unpresentedwinning parimutuel tickets, is payable and distributable forthe purpose of this chapter notwithstanding the owner’sfailure to make demand or to present any instrument ordocument required to receive payment.(3) This chapter does not apply to claims drafts issued byinsurance companies representing offers to settle claimsunliquidated in amount or settled by subsequent draftsor other means.(4) This chapter does not apply to property covered bychapter 63. 26 RCW.(5) This chapter does not apply to used clothing,umbrellas, bags, luggage, or other used personal effectsif such property is disposed of by the holder as follows:(a) In the case of personal effects of negligible value,the property is destroyed; or(b) The property is donated to a bona fide charity.(6) This chapter does not apply to a gift certificatesubject to the prohibition against expiration dates underRCW 19. 240. 020 or to a gift certificate subject to RCW19. 240. 030 through 19. 240. 060. However, this chapterapplies to gift certificates presumed abandoned underRCW 63. 29. 110.(7) This chapter does not apply to excess proceeds heldby counties, cities, towns, and other municipal or quasimunicipalcorporations from foreclosures for delinquentproperty taxes, assessments, or other liens.[2005 c 502 § 3; 2005 c 367 § 1; 2004 c 168 § 14; 20031st sp. s. c 13 § 1; 1992 c 122 § 1; 1988 c 226 § 2; 1983 c179 § 2. ]Notes: Effective date — 2005 c 502: See note followingRCW 1. 12. 070.Effective date — 2004 c 168 §§ 13 and 14: See notefollowing RCW 63. 29. 010.Effective dates — 2003 1st sp. s. c 13: “(1) Sections 8through 10 of this act are necessary for the immediatepreservation of the public peace, health, or safety, orsupport of the state government and its existing publicinstitutions, and take effect August 1, 2003.(2) Sections 11 through 16 of this act are necessary forthe immediate preservation of the public peace, health,or safety, or support of the state government and itsexisting public institutions, and take effect July 1, 2003.(3) Sections 1 through 7 of this act take effect January 1,2004. ” [2003 1st sp. s. c 13 § 17. ]RCW 63. 29. 030General rules for taking custody of intangible unclaimedproperty.Unless otherwise provided in this chapter or by otherstatute of this state, intangible property is subject tothe custody of this state as unclaimed property if theconditions raising a presumption of abandonment underRCW 63. 29. 020 and 63. 29. 050 through 63. 29. 160 aresatisfied and:(1) The last known address, as shown on the records ofthe holder, of the apparent owner is in this state;(2) The records of the holder do not reflect theidentity of the person entitled to the property and it isestablished that the last known address of the personentitled to the property is in this state;(3) The records of the holder do not reflect thelast known address of the apparent owner, and it isestablished that:(a) The last known address of the person entitled tothe property is in this state, or(b) The holder is a domiciliary or a government orgovernmental subdivision or agency of this state andhas not previously paid or delivered the property toUnclaimed Property Reporting Booklet 31

the state of the last known address of the apparentowner or other person entitled to the property;(4) The last known address, as shown on the records ofthe holder, of the apparent owner is in a state that doesnot provide by law for the escheat or custodial takingof the property or its escheat or unclaimed propertylaw is not applicable to the property and the holder is adomiciliary or a government or governmental subdivisionor agency of this state: PROVIDED, That a holder mayrely, with acquittance, upon a list of such states whichshall be provided by the department;(5) The last known address, as shown on the records ofthe holder, of the apparent owner is in a foreign nationand the holder is a domiciliary or a government orgovernmental subdivision or agency of this state; or(6) The transaction out of which the property aroseoccurred in this state; and(a)(i) The last known address of the apparent owner orother person entitled to the property is unknown, or(ii) The last known address of the apparent owner orother person entitled to the property is in a state thatdoes not provide by law for the escheat or custodialtaking of the property or its escheat or unclaimedproperty law is not applicable to the property:PROVIDED, That a holder may rely, with acquittance,upon a list of such states which shall be provided by thedepartment, and(b) The holder is a domiciliary of a state that does notprovide by law for the escheat or custodial taking ofthe property or its escheat or unclaimed property lawis not applicable to the property.[1983 c 179 § 3. ]RCW 63. 29. 040Travelers checks and money orders.(1) Subject to subsection (4) of this section, any sumpayable on a travelers check that has been outstandingfor more than fifteen years after its issuance is presumedabandoned unless the owner, within fifteen years, hascommunicated in writing with the issuer concerning itor otherwise indicated an interest as evidenced by amemorandum or other record on file prepared by anemployee of the issuer.(2) Subject to subsection (4) of this section, any sumpayable on a money order or similar written instrument,other than a third party bank check, that has beenoutstanding for more than five years after its issuance ispresumed abandoned unless the owner, within five years,has communicated in writing with the issuer concerningit or otherwise indicated an interest as evidenced by amemorandum or other record on file prepared by anemployee of the issuer.(3) A holder may not deduct from the amount of atravelers check or money order any charge imposedby reason of the failure to present the instrument forpayment unless there is a valid and enforceable writtencontract between the issuer and the owner of theinstrument pursuant to which the issuer may impose acharge and the issuer regularly imposes such charges anddoes not regularly reverse or otherwise cancel them.(4) No sum payable on a travelers check, money order,or similar written instrument, other than a third party32 Unclaimed Property Reporting Bookletbank check, described in subsections (1) and (2) of thissection may be subjected to the custody of this state asunclaimed property unless:(a) The records of the issuer show that the travelerscheck, money order, or similar written instrument waspurchased in this state;(b) The issuer has its principal place of business in thisstate and the records of the issuer do not show thestate in which the travelers check, money order, orsimilar written instrument was purchased; or(c) The issuer has its principal place of business in thisstate, the records of the issuer show the state in whichthe travelers check, money order, or similar writteninstrument was purchased and the laws of the state ofpurchase do not provide for the escheat or custodialtaking of the property or its escheat or unclaimedproperty law is not applicable to the property. Thedepartment shall provide to the issuer a list of all suchstates and the issuer may rely with acquittance uponsuch list.(5) Notwithstanding any other provision of this chapter,subsection (4) of this section applies to sums payableon travelers checks, money orders, and similar writteninstruments presumed abandoned on or after February1, 1965, except to the extent that those sums have beenpaid over to a state.[1983 c 179 § 4. ]RCW 63. 29. 050Checks, drafts, and similar instruments issued orcertified by banking and financial organizations.(1) Any sum payable on a check, draft, or similarinstrument, except those subject to RCW 63. 29. 040, onwhich a banking or financial organization is directly liable,including a cashier’s check and a certified check, whichhas been outstanding for more than three years after itwas payable or after its issuance if payable on demand,is presumed abandoned, unless the owner, within threeyears, has communicated in writing with the banking orfinancial organization concerning it or otherwise indicatedan interest as evidenced by a memorandum or otherrecord on file prepared by an employee thereof.(2) A holder may not deduct from the amount of anyinstrument subject to this section any charge imposedby reason of the failure to present the instrument forpayment unless there is a valid and enforceable writtencontract between the holder and the owner of theinstrument pursuant to which the holder may impose acharge, and the holder regularly imposes such chargesand does not regularly reverse or otherwise cancel them.[2003 1st sp. s. c 13 § 2; 1983 c 179 § 5. ]Notes: Effective dates — 2003 1st sp. s. c 13: See notefollowing RCW 63. 29. 020.RCW 63. 29. 060Bank deposits and funds in financial organizations.(1) Any demand, savings, or matured time deposit witha banking or financial organization, including a depositthat is automatically renewable, and any funds paidtoward the purchase of a share, a mutual investmentcertificate, or any other interest in a banking or financialorganization is presumed abandoned unless the owner,within three years, has:

(a) In the case of a deposit, increased or decreased itsamount or presented the passbook or other similarevidence of the deposit for the crediting of interest;(b) Communicated in writing with the banking orfinancial organization concerning the property;(c) Otherwise indicated an interest in the property asevidenced by a memorandum or other record on fileprepared by an employee of the banking or financialorganization;(d) Owned other property to which subsection (1)(a), (b), or (c) of this section applies and if the bankingor financial organization communicates in writingwith the owner with regard to the property thatwould otherwise be presumed abandoned under thissubsection at the address to which communicationsregarding the other property regularly are sent; or(e) Had another relationship with the banking orfinancial organization concerning which the owner has:(i) In the case of a deposit, increased or decreasedthe amount of the deposit or presented thepassbook or other similar evidence of the depositfor the crediting of interest;(ii) Communicated in writing with the banking orfinancial organization; or(iii) Otherwise indicated an interest as evidencedby a memorandum or other record on fileprepared by an employee of the banking orfinancial organization and if the banking or financialorganization communicates in writing with theowner with regard to the property that wouldotherwise be abandoned under this subsection atthe address to which communications regarding theother relationship regularly are sent.(2) For purposes of subsection (1) of this sectionproperty includes interest and dividends.(3) This chapter shall not apply to deposits made bya guardian or decedent’s personal representative witha banking organization when the deposit is subject towithdrawal only upon the order of the court in theguardianship or estate proceeding.(4) A holder may not impose with respect to propertydescribed in subsection (1) of this section any chargedue to dormancy or inactivity or cease payment ofinterest unless:(a) There is an enforceable written contract betweenthe holder and the owner of the property pursuantto which the holder may impose a charge or ceasepayment of interest;(b) For property in excess of ten dollars, the holder, nomore than three months before the initial impositionof those charges or cessation of interest, has givenwritten notice to the owner of the amount of thosecharges at the last known address of the owner statingthat those charges will be imposed or that interest willcease, but the notice provided in this section need notbe given with respect to charges imposed or interestceased before June 30, 1983; and(c) The holder regularly imposes such charges orceases payment of interest and does not regularlyreverse or otherwise cancel them or retroactivelycredit interest with respect to the property.(5) Any property described in subsection (1) of thissection that is automatically renewable is matured forpurposes of subsection (1) of this section upon theexpiration of its initial time period, or after one year ifthe initial period is less than one year, but in the case ofany renewal to which the owner consents at or aboutthe time of renewal by communicating in writing with thebanking or financial organization or otherwise indicatingconsent as evidenced by a memorandum or other recordon file prepared by an employee of the organization,the property is matured upon the expiration of the lasttime period for which consent was given. If, at the timeprovided for delivery in RCW 63. 29. 190, a penalty orforfeiture in the payment of interest would result fromthe delivery of the property, the time for delivery isextended until the time when no penalty or forfeiturewould result.[2003 1st sp. s. c 13 § 3; 1983 c 179 § 6. ]Notes: Effective dates — 2003 1st sp. s. c 13: See notefollowing RCW 63. 29. 020.RCW 63. 29. 070Funds owing under life insurance policies.(1) Funds held or owing under any life or endowmentinsurance policy or annuity contract that has matured orterminated are presumed abandoned if unclaimed formore than three years after the funds became due andpayable as established from the records of the insurancecompany holding or owing the funds, but propertydescribed in subsection (3)(b) of this section is presumedabandoned if unclaimed for more than two years.(2) If a person other than the insured or annuitant isentitled to the funds and an address of the person is notknown to the company or it is not definite and certainfrom the records of the company who is entitled tothe funds, it is presumed that the last known address ofthe person entitled to the funds is the same as the lastknown address of the insured or annuitant according tothe records of the company.(3) For purposes of this chapter, a life or endowmentinsurance policy or annuity contract not matured byactual proof of the death of the insured or annuitantaccording to the records of the company is matured andthe proceeds due and payable if:(a) The company knows that the insured or annuitanthas died; or(b)(i) The insured has attained, or would have attainedif he were living, the limiting age under the mortalitytable on which the reserve is based;(ii) The policy was in force at the time the insuredattained, or would have attained, the limiting agespecified in subparagraph (i) of this subsection; and(iii) Neither the insured nor any other personappearing to have an interest in the policy withinthe preceding two years, according to the recordsof the company, has assigned, readjusted, or paidpremiums on the policy, subjected the policy to aloan, corresponded in writing with the companyconcerning the policy, or otherwise indicatedan interest as evidenced by a memorandum orother record on file prepared by an employeeof the company.Unclaimed Property Reporting Booklet 33

(4) For purposes of this chapter, the application of anautomatic premium loan provision or other nonforfeitureprovision contained in an insurance policy does notprevent a policy from being matured or terminated undersubsection (1) of this section if the insured has died orthe insured or the beneficiaries of the policy otherwisehave become entitled to the proceeds thereof before thedepletion of the cash surrender value of a policy by theapplication of those provisions.(5) If the laws of this state or the terms of the lifeinsurance policy require the company to give notice tothe insured or owner that an automatic premium loanprovision or other nonforfeiture provision has beenexercised and the notice, given to an insured or ownerwhose last known address according to the records of thecompany is in this state, is undeliverable, the company shallmake a reasonable search to ascertain the policyholder’scorrect address to which the notice must be mailed.(6) Notwithstanding any other provision of law, if thecompany learns of the death of the insured or annuitantand the beneficiary has not communicated with theinsurer within four months after the death, thecompany shall take reasonable steps to pay theproceeds to the beneficiary.(7) Commencing two years after June 30, 1983, everychange of beneficiary form issued by an insurancecompany under any life or endowment insurancepolicy or annuity contract to an insured or owner whois a resident of this state must request the followinginformation:(a) The name of each beneficiary, or if a class ofbeneficiaries is named, the name of each currentbeneficiary in the class;(b) The address of each beneficiary; and(c) The relationship of each beneficiary to the insured.[2003 1st sp. s. c 13 § 4; 1983 c 179 § 7. ]Notes: Effective dates — 2003 1st sp. s. c 13: See notefollowing RCW 63. 29. 020.RCW 63. 29. 080Deposits held by utilities.(1) A deposit, including any interest thereon, made by asubscriber with a utility to secure payment or any sumpaid in advance for utility services to be furnished, lessany lawful deductions, that remains unclaimed by theowner for more than one year after termination of theservices for which the deposit or advance payment wasmade is presumed abandoned.(2) Any sum which a utility has been ordered to refundand which was received for utility services rendered inthis state, together with any interest thereon, less anylawful deductions, that has remained unclaimed by theperson appearing on the records of the utility entitledthereto for more than one year after the date it becamepayable in accordance with the final determination ororder providing for the refund is presumed abandoned.[1983 c 179 § 8. ]RCW 63. 29. 090Refunds held by business associations.Except to the extent otherwise ordered by the courtor administrative agency, any sum that a businessassociation has been ordered to refund by a court oradministrative agency which has remained unclaimedby the owner for more than one year after it becamepayable in accordance with the final determination ororder providing for the refund, whether or not the finaldetermination or order requires any person entitled toa refund to make a claim for it, is presumed abandoned.[1983 c 179 § 9. ]RCW 63. 29. 100Stock and other intangible interests in businessassociations.(1) Except as provided in subsections (2) and (5) of thissection, stock or other intangible ownership interestin a business association, the existence of which isevidenced by records available to the association, ispresumed abandoned and, with respect to the interest,the association is the holder, if a dividend, distribution, orother sum payable as a result of the interest has remainedunclaimed by the owner for three years and the ownerwithin three years has not:(a) Communicated in writing with the associationregarding the interest or a dividend, distribution,or other sum payable as a result of the interest; or(b) Otherwise communicated with the associationregarding the interest or a dividend, distribution,or other sum payable as a result of the interest,as evidenced by a memorandum or other recordon file with the association prepared by an employeeof the association.(2) At the expiration of a three-year period following thefailure of the owner to claim a dividend, distribution, orother sum payable to the owner as a result of the interest,the interest is not presumed abandoned unless there havebeen at least five dividends, distributions, or other sumspaid during the period, none of which has been claimedby the owner. If five dividends, distributions, or othersums are paid during the three-year period, the periodleading to a presumption of abandonment commenceson the date payment of the first such unclaimed dividend,distribution, or other sum became due and payable. If fivedividends, distributions, or other sums are not paid duringthe presumptive period, the period continues to run untilthere have been five dividends, distributions, or othersums that have not been claimed by the owner.(3) The running of the three-year period of abandonmentceases immediately upon the occurrence of acommunication referred to in subsection (1) of thissection. If any future dividend, distribution, or othersum payable to the owner as a result of the interest issubsequently not claimed by the owner, a new period ofabandonment commences and relates back to the timea subsequent dividend, distribution, or other sum becamedue and payable.(4) At the time any interest is presumed abandonedunder this section, any dividend, distribution, or othersum then held for or owing to the owner as a result ofthe interest, and not previously presumed abandoned,is presumed abandoned.34 Unclaimed Property Reporting Booklet

(5) This chapter shall not apply to any stock or otherintangible ownership interest enrolled in a plan thatprovides for the automatic reinvestment of dividends,distributions, or other sums payable as a result of theinterest unless:(a) The records available to the administrator of theplan show, with respect to any intangible ownershipinterest not enrolled in the reinvestment plan, that theowner has not within three years communicated in anymanner described in subsection (1) of this section; or(b) Three years have elapsed since the location ofthe owner became unknown to the association,as evidenced by the return of official shareholdernotifications or communications by the postal serviceas undeliverable, and the owner has not within thosethree years communicated in any manner describedin subsection (1) of this section. The three-year periodfrom the return of official shareholder notifications orcommunications shall commence from the earlier ofthe return of the second such mailing or the date theholder discontinues mailings to the shareholder.[2003 1st sp. s. c 13 § 5; 1996 c 45 § 1; 1983 c 179 § 10. ]Notes: Effective dates — 2003 1st sp. s. c 13: See notefollowing RCW 63. 29. 020.RCW 63. 29. 110Property of business associations heldin course of dissolution.Intangible property distributable in the course of adissolution of a business association which remainsunclaimed by the owner for more than one year afterthe date specified for final distribution is presumedabandoned.[1983 c 179 § 11. ]RCW 63. 29. 120Property held by agents and fiduciaries.(1) Intangible property and any income or incrementderived therefrom held in a fiduciary capacity for thebenefit of another person is presumed abandoned unlessthe owner, within three years after it has become payableor distributable, has increased or decreased the principal,accepted payment of principal or income, communicatedconcerning the property, or otherwise indicated aninterest as evidenced by a memorandum or other recordon file prepared by the fiduciary.(2) Funds in an individual retirement account or aretirement plan for self-employed individuals or similaraccount or plan established pursuant to the internalrevenue laws of the United States are not payable ordistributable within the meaning of subsection (1) of thissection unless, under the terms of the account or plan,distribution of all or part of the funds would then bemandatory.(3) For the purpose of this section, a person who holdsproperty as an agent for a business association is deemedto hold the property in a fiduciary capacity for thatbusiness association alone, unless the agreement betweenhim and the business association provides otherwise.(4) For the purposes of this chapter, a person who isdeemed to hold property in a fiduciary capacity for abusiness association alone is the holder of the propertyonly insofar as the interest of the business association inthe property is concerned, and the business associationis the holder of the property insofar as the interest ofany other person in the property is concerned.[2003 1st sp. s. c 13 § 6; 1983 c 179 § 12. ]Notes: Effective dates — 2003 1st sp. s. c 13: See notefollowing RCW 63. 29. 020RCW 63. 29. 130Property held by courts and public agencies.Intangible property held for the owner by a court, stateor other government, governmental subdivision oragency, public corporation, public authority, or the UnitedStates or any instrumentality of the United States thatremains unclaimed by the owner for more than twoyears after becoming payable or distributableis presumed abandoned. However, courts may retainoverpayments made in connection with any litigation,including traffic, criminal, and noncriminal matters, inan amount less than or equal to ten dollars. Theseoverpayments shall be remitted by the clerk of the courtto the local treasurer for deposit in the local currentexpense fund. [1993 c 498 § 2; 1983 c 179 § 13. ]RCW 63. 29. 133Property held by landlord.Intangible property held by a landlord as a result of asheriff’s sale pursuant to RCW 59. 18. 312 that remainsunclaimed for a period of one year from the date of thesale is presumed abandoned.[1992 c 38 § 9. ]Notes: Intent — Effective date — 1992 c 38: See notesfollowing RCW 59. 18. 352.RCW 63. 29. 135Abandoned intangible property heldby local government.A local government holding abandoned intangibleproperty that is not forwarded to the department ofrevenue, as authorized under RCW 63. 29. 190, shallnot be required to maintain current records of thisproperty for longer than five years after the propertyis presumed to be abandoned, and at that time mayarchive records of this intangible property and transferthe intangible property to its general fund. However, thelocal government shall remain liable to pay the intangibleproperty to a person or entity subsequently establishingits ownership of this intangible property.[1990 2nd ex. s. c 1 § 301. ]Notes: Applicability — 1990 2nd ex. s. c 1: “Any fundscovered by RCW 63. 29. 190 that were received by thestate prior to June 6, 1990, shall be retained by the stateof Washington, and any such funds not remitted to thestate prior to June 6, 1990, may be retained as providedfor under RCW 63. 29. 190. ” [1990 2nd ex. s. c 1 § 303. ]Severability — 1990 2nd ex. s. c 1: See note followingRCW 82. 14. 300.Unclaimed Property Reporting Booklet 35

RCW 63. 29. 140Gift certificates and credit memos.(1) A gift certificate or a credit memo issued in theordinary course of an issuer’s business which remainsunclaimed by the owner for more than three years afterbecoming payable or distributable is presumed abandoned.(2) In the case of a gift certificate, the amount presumedabandoned is the price paid by the purchaser for thegift certificate. In the case of a credit memo, the amountpresumed abandoned is the amount credited to therecipient of the memo.(3) A gift certificate that is presumed abandoned underthis section may, but need not be, included in the reportas provided under RCW 63. 29. 170(4). If a gift certificatethat is presumed abandoned under this section is nottimely reported as provided under RCW 63. 29. 170(4),RCW 19. 240. 005 through 19. 240. 110 apply to the giftcertificate.[2004 c 168 § 15; 2003 1st sp. s. c 13 § 7; 1983 c 179 §14. ]Notes: Effective date — 2004 c 168 §§ 15 and 16:“Sections 15 and 16 of this act take effect January 1, 2005.” [2004 c 168 § 20. ]Effective dates — 2003 1st sp. s. c 13: See note followingRCW 63. 29. 020.RCW 63. 29. 150Wages.Unpaid wages, including wages represented byunpresented payroll checks, owing in the ordinary courseof the holder’s business which remain unclaimed by theowner for more than one year after becoming payable arepresumed abandoned.[1983 c 179 § 15. ]RCW 63. 29. 160Contents of safe deposit box or othersafekeeping repository.All tangible and intangible property held in a safe depositbox or any other safekeeping repository in this state inthe ordinary course of the holder’s business and proceedsresulting from the sale of the property permitted by otherlaw, which remain unclaimed by the owner for more thanfive years after the lease or rental period on the box orother repository has expired, are presumed abandoned.[1983 c 179 § 16. ]RCW 63. 29. 165Property in self-storage facility.The excess proceeds of a sale conducted pursuant toRCW 19. 150. 080 by an owner of a self-service storagefacility to satisfy the lien and costs of storage which arenot claimed by the occupant of the storage space or anyother person which remains unclaimed for more than sixmonths are presumed abandoned.[1993 c 498 § 4; 1988 c 240 § 21. ]Notes: Severability — 1988 c 240: See RCW 19. 150. 904RCW 63. 29. 170Report of abandoned property.(1) A person holding property presumed abandonedand subject to custody as unclaimed property under thischapter shall report to the department concerning theproperty as provided in this section.(2) The report must be verified and must include:(a) Except with respect to travelers checks and moneyorders, the name, if known, and last known address,if any, of each person appearing from the records ofthe holder to be the owner of property with a valueof more than fifty dollars presumed abandoned underthis chapter;(b) In the case of unclaimed funds of more than fiftydollars held or owing under any life or endowmentinsurance policy or annuity contract, the full nameand last known address of the insured or annuitantand of the beneficiary according to the records of theinsurance company holding or owing the funds;(c) In the case of the contents of a safe deposit boxor other safekeeping repository or in the case ofother tangible property, a description of the propertyand the place where it is held and where it may beinspected by the department, and any amounts owingto the holder;(d) The nature and identifying number, if any, ordescription of the property and the amount appearingfrom the records to be due, but items with a valueof fifty dollars or less each may be reported in theaggregate;(e) The date the property became payable,demandable, or returnable, and the date of the lasttransaction with the apparent owner with respectto the property; and(f) Other information the department prescribes byrule as necessary for the administration of this chapter.(3) If the person holding property presumed abandonedand subject to custody as unclaimed property is asuccessor to other persons who previously held theproperty for the apparent owner or the holder haschanged his or her name while holding the property,the holder shall file with the report all known namesand addresses of each previous holder of the property.(4) The report must be filed before November 1stof each year and shall include, except as provided inRCW 63. 29. 140(3), all property presumed abandonedand subject to custody as unclaimed property underthis chapter that is in the holder’s possession as of thepreceding June 30th. On written request by any personrequired to file a report, the department may postponethe reporting date.(5) After May 1st, but before August 1st, of each yearin which a report is required by this section, the holderin possession of property presumed abandoned andsubject to custody as unclaimed property under thischapter shall send written notice to the apparent ownerat the last known address informing him or her thatthe holder is in possession of property subject to thischapter if:(a) The holder has in its records an address for theapparent owner which the holder’s records do notdisclose to be inaccurate;36 Unclaimed Property Reporting Booklet

(b) The claim of the apparent owner is not barredby the statute of limitations; and(c) The property has a value of more than seventy-fivedollars.[2004 c 168 § 16; 2003 c 237 § 1; 1996 c 45 § 2; 1993 c498 § 7; 1983 c 179 § 17. ]Notes: Effective date — 2004 c 168 §§ 15 and 16: Seenote following RCW 63. 29. 140.RCW 63. 29. 180Notice and publication of information aboutunclaimed property.(1) The department shall cause a notice to be publishednot later than November 1st, immediately following thereport required by RCW 63. 29. 170 in a newspaperof general circulation within this state, which thedepartment determines is most likely to give notice tothe apparent owner of the property.(2) The published notice must be entitled “Notice toOwners of Unclaimed Property” and contain a summaryexplanation of how owners may obtain informationabout unclaimed property reported to the department.(3) Not later than September 1st, immediately followingthe report required by RCW 63. 29. 170, the departmentshall mail a notice to each person whose last knownaddress is listed in the report and who appears to beentitled to property with a value of more than seventyfivedollars presumed abandoned under this chapter andany beneficiary of a life or endowment insurance policyor annuity contract for whom the department has a lastknown address.(4) The mailed notice must contain:(a) A statement that, according to a report filed withthe department, property is being held to which theaddressee appears entitled; and(b) The name of the person reporting the propertyand the type of property described in the report.(5) This section is not applicable to sums payable on travelerschecks, money orders, and other written instrumentspresumed abandoned under RCW 63. 29. 040.[2005 c 367 § 2; 2003 c 237 § 2; 1993 c 498 § 9; 1986 c84 § 1; 1983 c 179 § 18. ]RCW 63. 29. 190Payment or delivery of abandoned property.(1) Except as otherwise provided in subsections (2)and (3) of this section, a person who is required to filea report under RCW 63. 29. 170 shall pay or deliverto the department all abandoned property requiredto be reported at the time of filing the report.(2)(a) Counties, cities, towns, and other municipal andquasi-municipal corporations that hold funds representingwarrants canceled pursuant to RCW 36. 22. 100 and 39.56. 040, uncashed checks, and property tax overpaymentsor refunds may retain the funds until the ownernotifies them and establishes ownership as provided inRCW 63. 29. 135. Counties, cities, towns, or othermunicipal or quasi-municipal corporations shall provideto the department a report of property it is holdingpursuant to this section. The report shall identify theproperty and owner in the manner provided in RCW 63.29. 170 and the department shall publish the informationas provided in RCW 63. 29. 180.(b)(i) A public transportation authority that holdsfunds representing value on abandoned fare cardsmay retain the funds until the owner notifies theauthority and establishes ownership as provided inRCW 63. 29. 135.(ii) For the purposes of this subsection (2)(b),“publictransportation authority” means a municipality,as defined in RCW 35. 58. 272, a regional transitauthority authorized by chapter 81. 112 RCW, a publicmass transportation system authorized by chapter 47.60 RCW, or a city transportation authority authorizedby chapter 35. 95A RCW.(3) The contents of a safe deposit box or othersafekeeping repository presumed abandoned underRCW 63. 29. 160 and reported under RCW 63. 29. 170shall be paid or delivered to the department within sixmonths after the final date for filing the report requiredby RCW 63. 29. 170.If the owner establishes the right to receive theabandoned property to the satisfaction of the holderbefore the property has been delivered or it appears thatfor some other reason the presumption of abandonmentis erroneous, the holder need not pay or deliver theproperty to the department, and the property willno longer be presumed abandoned. In that case, theholder shall file with the department a verified writtenexplanation of the proof of claim or of the error in thepresumption of abandonment.(4) The holder of an interest under RCW 63. 29. 100shall deliver a duplicate certificate or other evidenceof ownership if the holder does not issue certificatesof ownership to the department. Upon delivery of aduplicate certificate to the department, the holder andany transfer agent, registrar, or other person acting foror on behalf of a holder in executing or delivering theduplicate certificate is relieved of all liability of everykind in accordance with RCW 63. 29. 200 to everyperson, including any person acquiring the originalcertificate or the duplicate of the certificate issued tothe department, for any losses or damages resultingto any person by the issuance and delivery to thedepartment of the duplicate certificate.[2005 c 502 § 4; 2005 c 367 § 3; 2005 c 285 § 2; 1993 c498 § 8; 1991 c 311 § 7; 1990 2nd ex. s. c 1 § 302; 1983c 179 § 19. ]Notes: Reviser’s note: This section was amended by2005 c 285 § 2, 2005 c 367 § 3, and by 2005 c 502 § 4,each without reference to the other. All amendmentsare incorporated in the publication of this section underRCW 1. 12. 025(2). For rule of construction, see RCW 1.12. 025(1).Effective date — 2005 c 502: See note following RCW 1.12. 070.Severability — 1991 c 311: See note following RCW 82.14. 310.Applicability — 1990 2nd ex. s. c 1: See note followingRCW 63. 29. 135.Severability — 1990 2nd ex. s. c 1: See note followingRCW 82. 14. 300.Unclaimed Property Reporting Booklet 37

RCW 63. 29. 200Custody by state — Holder relieved from liability —Reimbursement of holder paying claim — Reclaimingfor owner — Defense of holder — Payment of safedeposit box or repository charges.(1) Upon the payment or delivery of property tothe department, the state assumes custody andresponsibility for the safekeeping of the property.A person who pays or delivers property to thedepartment in good faith is relieved of all liability to theextent of the value of the property paid or deliveredfor any claim then existing or which thereafter may ariseor be made in respect to the property.(2) A holder who has paid money to the departmentpursuant to this chapter may make payment to anyperson appearing to the holder to be entitled topayment and, upon filing proof of payment and proofthat the payee was entitled thereto, the department shallpromptly reimburse the holder for the payment withoutimposing any fee or other charge. If reimbursement issought for a payment made on an instrument, includinga travelers check or money order, the holder must bereimbursed under this subsection upon filing proof thatthe instrument was duly presented and that payment wasmade to a person who appeared to the holder to beentitled to payment. The holder must be reimbursed forpayment made under this subsection even if the paymentwas made to a person whose claim was barred underRCW 63. 29. 290(1).(3) A holder who has delivered property (includinga certificate of any interest in a business association)other than money to the department pursuant to thischapter may reclaim the property if still in the possessionof the department, without paying any fee or othercharge, upon filing proof that the owner has claimed theproperty from the holder.(4) The department may accept the holder’s affidavitas sufficient proof of the facts that entitle the holderto recover money and property under this section.(5) If the holder pays or delivers property to thedepartment in good faith and thereafter another personclaims the property from the holder or another stateclaims the money or property under its laws relatingto escheat or abandoned or unclaimed property, thedepartment, upon written notice of the claim, shalldefend the holder against the claim and indemnify theholder against any liability on the claim.(6) For the purposes of this section, “good faith”means that:(a) Payment or delivery was made in a reasonableattempt to comply with this chapter;(b) The person delivering the property was not afiduciary then in breach of trust in respect to theproperty and had a reasonable basis for believing,based on the facts then known to him, that theproperty was abandoned for the purposes of thischapter; and(c) There is no showing that the records pursuant towhich the delivery was made did not meet reasonablecommercial standards of practice in the industry.(7) Property removed from a safe deposit box or othersafekeeping repository is received by the departmentsubject to the holder’s right under this subsection tobe reimbursed for the actual cost of the opening andto any valid lien or contract providing for the holder tobe reimbursed for unpaid rent or storage charges. Thedepartment shall reimburse or pay the holder out of theproceeds remaining after deducting the department’sselling cost. The liability of the department for thisreimbursement to the holder shall be limited to theproceeds of the sale of the property remaining after thededuction of the department’s costs.[1983 c 179 § 20. ]RCW 63. 29. 210Crediting of dividends, interest, or increments toowner’s account.Whenever property other than money is paid ordelivered to the department under this chapter, theowner is entitled to receive from the department anydividends, interest, or other increments realized oraccruing on the property at or before liquidation orconversion thereof into money.[1983 c 179 § 21. ]RCW 63. 29. 220Public sale of abandoned property.(1) Except as provided in subsections (2) and (3) ofthis section the department, within five years after thereceipt of abandoned property, shall sell it to the highestbidder at public sale in whatever city in the state affordsin the judgment of the department the most favorablemarket for the property involved. The departmentmay decline the highest bid and reoffer the propertyfor sale if in the judgment of the department the bidis insufficient. If in the judgment of the department theprobable cost of sale exceeds the value of the property,it need not be offered for sale. Any sale held underthis section must be preceded by a single publicationof notice, at least three weeks in advance of sale, in anewspaper of general circulation in the county in whichthe property is to be sold.(2) Securities listed on an established stock exchangemust be sold at prices prevailing at the time of sale onthe exchange. Other securities may be sold over thecounter at prices prevailing at the time of sale or byany other method the department considers advisable.All securities may be sold over the counter at pricesprevailing at the time of the sale, or by any other methodthe department deems advisable.(3) Unless the department considers it to be in the bestinterest of the state to do otherwise, all securities, otherthan those presumed abandoned under RCW 63. 29.100, delivered to the department must be held for atleast one year before being sold.(4) Unless the department considers it to be in thebest interest of the state to do otherwise, all securitiespresumed abandoned under RCW 63. 29. 100 anddelivered to the department must be held for at leastthree years before being sold. If the department sellsany securities delivered pursuant to RCW 63. 29. 100before the expiration of the three-year period, anyperson making a claim pursuant to this chapter before38 Unclaimed Property Reporting Booklet

the end of the three-year period is entitled to either theproceeds of the sale of the securities or the market valueof the securities at the time the claim is made, whicheveramount is greater, less any deduction for fees pursuant toRCW 63. 29. 230(2). A person making a claim under thischapter after the expiration of this period is entitled toreceive either the securities delivered to the departmentby the holder, if they still remain in the hands of thedepartment, or the proceeds received from sale, lessany amounts deducted pursuant to RCW 63. 29. 230(2),but no person has any claim under this chapter againstthe state, the holder, any transfer agent, registrar, orother person acting for or on behalf of a holder for anyappreciation in the value of the property occurring afterdelivery by the holder to the department.(5) The purchaser of property at any sale conductedby the department pursuant to this chapter takes theproperty free of all claims of the owner or previousholder thereof and of all persons claiming through orunder them. The department shall execute all documentsnecessary to complete the transfer of ownership.[2005 c 367 § 4; 1996 c 45 § 3; 1993 c 498 § 10; 1983 c179 § 22. ]RCW 63. 29. 230Deposit of funds.(1) Except as otherwise provided by this section, thedepartment shall promptly deposit in the general fund ofthis state all funds received under this chapter, includingthe proceeds from the sale of abandoned propertyunder RCW 63. 29. 220. The department shall retain in aseparate trust fund an amount not less than two hundredfifty thousand dollars from which prompt payment ofclaims duly allowed must be made by the department.Before making the deposit, the department shall recordthe name and last known address of each personappearing from the holders’ reports to be entitled to theproperty and the name and last known address of eachinsured person or annuitant and beneficiary and withrespect to each policy or contract listed in the reportof an insurance company its number, and the name ofthe company. The record must be available for publicinspection at all reasonable business hours.(2) The department of revenue may pay from the trustfund provided in subsection (1) of this section any costsof administering this chapter.[1983 c 179 § 23. ]RCW 63. 29. 240Filing of claim with department.(1) A person, excluding another state, claiming an interestin any property paid or delivered to the department mayfile with it a claim on a form prescribed by it and verifiedby the claimant.(2) The department shall consider each claim withinninety days after it is filed and give written notice to theclaimant if the claim is denied in whole or in part. Thenotice may be given by mailing it to the last address, ifany, stated in the claim as the address to which noticesare to be sent. If no address for notices is stated in theclaim, the notice may be mailed to the last address, if any,of the claimant as stated in the claim. No notice of denialneed be given if the claim fails to state either the lastaddress to which notices are to be sent or the addressof the claimant.(3) If a claim is allowed, the department shall pay overor deliver to the claimant the property or the amountthe department actually received or the net proceeds ifit has been sold by the department, together with anyadditional amount required by RCW 63. 29. 210. If theclaim is for property presumed abandoned under RCW63. 29. 100 which was sold by the department withinthree years after the date of delivery, the amount payablefor that claim is the value of the property at the time theclaim was made or the net proceeds of sale, whicheveris greater. If the property claimed was interest-bearingto the owner on the date of surrender by the holder,the department also shall pay interest at the legal rateor any lesser rate the property earned while in thepossession of the holder. Interest begins to accrue whenthe property is delivered to the department and ceaseson the earlier of the expiration of ten years after deliveryor the date on which payment is made to the owner. Nointerest on interest-bearing property is payable for anyperiod before June 30, 1983.(4) Any holder who pays the owner for property thathas been delivered to the state and which, if claimedfrom the department, would be subject to subsection (3)of this section shall add interest as provided in subsection(3) of this section. The added interest must be repaid tothe holder by the department in the same manner as theprincipal.[1983 c 179 § 24. ]RCW 63. 29. 250Claim of another state to recover property —Procedure.(1) At any time after property has been paid or deliveredto the department under this chapter another state mayrecover the property if:(a) The property was subjected to custody by thisstate because the records of the holder did not reflectthe last known address of the apparent owner whenthe property was presumed abandoned under thischapter, and the other state establishes that the lastknown address of the apparent owner or other personentitled to the property was in that state and underthe laws of that state the property escheated to or wassubject to a claim of abandonment by that state;(b) The last known address of the apparent owneror other person entitled to the property, as reflectedby the records of the holder, is in the other stateand under the laws of that state the property hasescheated to or become subject to a claim ofabandonment by that state;(c) The records of the holder were erroneous in thatthey did not accurately reflect the actual owner ofthe property and the last known address of the actualowner is in the other state and under the laws of thatstate the property escheated to or was subject to aclaim of abandonment by that state;(d) The property was subjected to custody by thisstate under RCW 63. 29. 030(6) and under the lawsof the state of domicile of the holder the propertyhas escheated to or become subject to a claim ofabandonment by that state; orUnclaimed Property Reporting Booklet 39

(e) The property is the sum payable on a travelerscheck, money order, or other similar instrument thatwas subjected to custody by this state under RCW63. 29. 040, and the instrument was purchased inthe other state, and under the laws of that state theproperty escheated to or became subject to a claimof abandonment by that state.(2) The claim of another state to recover escheatedor abandoned property must be presented in a formprescribed by the department, who shall decide the claimwithin ninety days after it is presented. The departmentshall allow the claim if it determines that the other stateis entitled to the abandoned property under subsection(1) of this section.(3) The department shall require a state, beforerecovering property under this section, to agree toindemnify this state and its officers and employees againstany liability on a claim for the property.[1983 c 179 § 25. ]RCW 63. 29. 260Action to establish claim.A person aggrieved by a decision of the department orwhose claim has not been acted upon within ninety daysafter its filing may bring an action to establish the claimin the superior court of Thurston county naming thedepartment as a defendant. The action must be broughtwithin ninety days after the decision of the departmentor within one hundred eighty days after the filing of theclaim if the department has failed to act on it.[1983 c 179 § 26. ]RCW 63. 29. 270Election to take payment or delivery.(1) The department may decline to receive any propertyreported under this chapter which it considers to have avalue less than the expense of giving notice and of sale.If the department elects not to receive custody of theproperty, the holder shall be notified within one hundredtwenty days after filing the report required under RCW63. 29. 170. The holder then may dispose of the propertyin such manner as it sees fit. No action or proceedingmay be maintained against the holder for or on accountof any action taken by the holder pursuant to thissubsection with respect to the property.(2) A holder, with the written consent of the departmentand upon conditions and terms prescribed by it, mayreport and deliver property before the property ispresumed abandoned. Property delivered under thissubsection must be held by the department and is notpresumed abandoned until such time as it otherwisewould be presumed abandoned under this chapter.[1983 c 179 § 27. ]RCW 63. 29. 280Destruction or disposition of property havinginsubstantial commercial value — Immunity fromliability.If the department determines after investigation that anyproperty delivered under this chapter has insubstantialcommercial value, the department may destroy orotherwise dispose of the property at any time. No actionor proceeding may be maintained against the state orany officer or against the holder for or on account of anyaction taken by the department pursuant to this section.Original documents which the department has identifiedto be destroyed and which have legal significance orhistorical interest may be surrendered to the statehistorical museum or to the state library.[2005 c 367 § 5; 1983 c 179 § 28. ]RCW 63. 29. 290Periods of limitation.(1) The expiration, after September 1, 1979, of anyperiod of time specified by contract, statute, or courtorder, during which a claim for money or property canbe made or during which an action or proceeding maybe commenced or enforced to obtain payment of a claimfor money or to recover property, does not prevent themoney or property from being presumed abandonedor affect any duty to file a report or to pay or deliverabandoned property to the department as required bythis chapter.(2) No action or proceeding may be commenced by thedepartment with respect to any duty of a holder underthis chapter more than six years after the duty arose.[1983 c 179 § 29. ]RCW 63. 29. 300Requests for reports and examination of records.(1) The department may require any person who hasnot filed a report to file a verified report stating whetheror not the person is holding any unclaimed propertyreportable or deliverable under this chapter. Nothing inthis chapter requires reporting of property which is notsubject to payment or delivery.(2) The department, at reasonable times and uponreasonable notice, may examine the records of anyperson to determine whether the person has compliedwith the provisions of this chapter. The department mayconduct the examination even if the person believesit is not in possession of any property reportable ordeliverable under this chapter.(3) If a person is treated under RCW 63. 29. 120 as theholder of the property only insofar as the interest ofthe business association in the property is concerned,the department, pursuant to subsection (2) of thissection, may examine the records of the person if thedepartment has given the notice required by subsection(2) of this section to both the person and the businessassociation at least ninety days before the examination.(4) If an examination of the records of a person resultsin the disclosure of property reportable and deliverableunder this chapter, the department may assess the costof the examination against the holder at the rate of onehundred forty dollars a day for each examiner, butin no case may the charges exceed the lesser of threethousand dollars or the value of the property foundto be reportable and deliverable. No assessment shallbe imposed where the person proves that failure toreport and deliver property was inadvertent. The costof examination made pursuant to subsection (3)of this section may be imposed only against thebusiness association.40 Unclaimed Property Reporting Booklet

(5) If a holder fails after June 30, 1983, to maintain therecords required by RCW 63. 29. 310 and the recordsof the holder available for the periods subject to thischapter are insufficient to permit the preparation of areport, the department may require the holder to reportand pay such amounts as may reasonably be estimatedfrom any available records.[1983 c 179 § 30. ]RCW 63. 29. 310Retention of records.(1) Every holder required to file a report under RCW63. 29. 170, as to any property for which it has obtainedthe last known address of the owner, shall maintain arecord of the name and last known address of the ownerfor six years after the property becomes reportable,except to the extent that a shorter time is providedin subsection (2) of this section or by rule of thedepartment.(2) Any business association that sells in this state itstravelers checks, money orders, or other similar writteninstruments, other than third-party bank checks on whichthe business association is directly liable, or that providessuch instruments to others for sale in this state, shallmaintain a record of those instruments while they remainoutstanding, indicating the state and date of issue forthree years after the date the property is reportable.[1983 c 179 § 31. ]RCW 63. 29. 320Enforcement.The department may bring an action in a courtof competent jurisdiction to enforce this chapter.[1983 c 179 § 32. ]RCW 63. 29. 330Interstate agreements and cooperation — Joint andreciprocal actions with other states.(1) The department may enter into agreements withother states to exchange information needed to enablethis or another state to audit or otherwise determineunclaimed property that it or another state may beentitled to subject to a claim of custody. The departmentby rule may require the reporting of information neededto enable compliance with agreements made pursuant tothis section and prescribe the form.(2) To avoid conflicts between the department’sprocedures and the procedures of administrators inother jurisdictions that enact the Uniform UnclaimedProperty Act, the department, so far as is consistentwith the purposes, policies, and provisions of this chapter,before adopting, amending or repealing rules, shall adviseand consult with administrators in other jurisdictions thatenact substantially the Uniform Unclaimed Property Actand take into consideration the rules of administratorsin other jurisdictions that enact the Uniform UnclaimedProperty Act.(3) The department may join with other states to seekenforcement of this chapter against any person who is ormay be holding property reportable under this chapter.(4) At the request of another state, the attorneygeneral of this state may bring an action in the nameof the administrator of the other state in any courtof competent jurisdiction to enforce the unclaimedproperty laws of the other state against a holder inthis state of property subject to escheat or a claim ofabandonment by the other state, if the other state hasagreed to pay expenses incurred by the attorney generalin bringing the action.(5) The department may request that the attorneygeneral of another state or any other person bring anaction in the name of the department in the other state.This state shall pay all expenses including attorney’s feesin any action under this subsection. The department mayagree to pay the person bringing the action attorney’sfees based in whole or in part on a percentage of thevalue of any property recovered in the action. Anyexpenses paid pursuant to this subsection may not bededucted from the amount that is subject to the claimby the owner under this chapter.[1983 c 179 § 33. ]RCW 63. 29. 340Interest and penalties.(1) A person who fails to pay or deliver property withinthe time prescribed by this chapter shall be required topay to the department interest at the rate as computedunder RCW 82. 32. 050(2) from the date the propertyshould have been paid or delivered until the propertyis paid or delivered, unless the department finds thatthe failure to pay or deliver the property within thetime prescribed by this chapter was the result ofcircumstances beyond the person’s control sufficient forwaiver or cancellation of interest under RCW 82. 32. 105.(2) A person who willfully fails to render any report,to pay or deliver property, or to perform other dutiesrequired under this chapter shall pay a civil penalty ofone hundred dollars for each day the report is withheldor the duty is not performed, but not more than fivethousand dollars, plus one hundred percent of the valueof the property which should have been reported, paidor delivered.(3) A person who willfully refuses after written demandby the department to pay or deliver property to thedepartment as required under this chapter or whoenters into a contract to avoid the duties of this chapteris guilty of a gross misdemeanor and upon convictionmay be punished by a fine of not more than onethousand dollars or imprisonment for not more thanone year, or both.[1996 c 149 § 11; 1996 c 45 § 4; 1983 c 179 § 34. ]Notes: Reviser’s note: This section was amended by 1996c 45 § 4 and by 1996 c 149 § 11, each without referenceto the other. Both amendments are incorporated in thepublication of this section under RCW 1. 12. 025(2). Forrule of construction, see RCW 1. 12. 025(1).Findings — Intent — Effective date — 1996 c 149: Seenotes following RCW 82. 32. 050.Unclaimed Property Reporting Booklet 41

RCW 63. 29. 350Penalty for excessive fee for locatingabandoned property.It is unlawful for any person to seek or receive fromany person or contract with any person for any fee orcompensation for locating or purporting to locate anyproperty which he knows has been reported or paid ordelivered to the department of revenue pursuant to thischapter in excess of five percent of the value thereofreturned to such owner. Any person violating this sectionis guilty of a misdemeanor and shall be fined not lessthan the amount of the fee or charge he has sought orreceived or contracted for, and not more than ten timessuch amount, or imprisoned for not more than thirtydays, or both.[1983 c 179 § 35. ]RCW 63. 29. 360Foreign transactions.This chapter does not apply to any property held, due,and owing in a foreign country and arising out of aforeign transaction.[1983 c 179 § 36. ]RCW 63. 29. 370Rules.The department may adopt necessary rules inaccordance with chapter 34. 05 RCW to carry out theprovisions of this chapter.[1983 c 179 § 38. ]RCW 63. 29. 380Information and records confidential.Any information or records required to be furnished tothe department of revenue as provided in this chaptershall be confidential and shall not be disclosed to anyperson except the person who furnished the same tothe department of revenue, and except as provided inRCW 63. 29. 180 and 63. 29. 230, or as may be necessaryin the proper administration of this chapter.[1983 c 179 § 39. ]RCW 63. 29. 900Effect of new provisions — Clarification of application.(1) This chapter does not relieve a holder of a duty thatarose before June 30, 1983, to report, pay, or deliverproperty. A holder who did not comply with the law ineffect before June 30, 1983, is subject to the applicableenforcement and penalty provisions that then existedand they are continued in effect for the purpose of thissubsection, subject to RCW 63. 29. 290(2).(2) The initial report to be filed under this chapter shallinclude all property which is presumed abandoned underthis chapter. The report shall include property that wasnot required to be reported before June 30, 1983, butwhich would have been presumed abandoned on orafter September 1, 1979 under the terms of chapter 63.29 RCW.(3) It shall be a defense to any action by the departmentthat facts cannot be established because a holder, priorto January 1, 1983, destroyed or lost records or did notthen keep records, if the destruction, loss, or failure tokeep records did not violate laws existing at the time ofthe destruction, loss or failure.[1983 c 179 § 37. ]RCW 63. 29. 901Captions not law — 1983 c 179.Captions as used in sections of this act shall notconstitute any part of the law.[1983 c 179 § 40. ]RCW 63. 29. 902Uniformity of application and construction.This chapter shall be applied and construed as toeffectuate its general purpose to make uniform the lawwith respect to the subject of this chapter among statesenacting it.[1983 c 179 § 41. ]RCW 63. 29. 903Short title.This chapter may be cited as the Uniform UnclaimedProperty Act of 1983.[1983 c 179 § 42. ]RCW 63. 29. 904Severability — 1983 c 179.If any provision of this act or its application to any personor circumstance is held invalid, the remainder of the actor the application of the provision to other persons orcircumstances is not affected.[1983 c 179 § 43. ]RCW 63. 29. 905Effective date — 1983 c 179.This act is necessary for the immediate preservationof the public peace, health, and safety, the support of thestate government and its existing public institutions, andshall take effect June 30, 1983.[1983 c 179 § 47. ]RCW 63. 29. 906Effective date — 1996 c 45.This act shall take effect July 1, 1996.[1996 c 45 § 5. ]42 Unclaimed Property Reporting Booklet

ChecklistChecklistj Have you completed the SummaryReport (REV 80 0004-1)?j Label your disk, CD, or cartridgej Is your check enclosed with yourreport and made payable to:State of Washington Unclaimed Propertyj If reporting shares of stock, are thecertificates enclosed and registeredin the state of Washington’s name? Formutual funds and dividend reivestmentplans, please include a confirmationshowing the transfer of shares intoan account for the state of Washington.Phone number:(360) 705-6706Mailing address:State of WashingtonDepartment of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053Street address for courier deliveries:Ask for AM deliveryState of WashingtonDepartment of RevenueUnclaimed Property Section2500 E Valley RDSuite CRenton, WA 98055Web site:ucp. dor. wa. govUnclaimed Property Reporting Booklet 43

Washington State Department of RevenueUnclaimed Property SectionPO Box 34053Seattle, WA 98124-1053PRSRT STDUS POSTAGE PAIDWashington StateDepartmentof PrintingTo inquire about the availability of this publicationin an alternate format for the visually impaired,please call (360) 705-6715.Serving the People of Washingtonhttp://dor. wa. govTeletype (TTY) users please call 1-800-451-7985.Printed on recycled paperUPBK0018 08/08