(Part 1 of 2)

Louisiana's Department of the State Treasury has hundreds of millions worth of unclaimed property from lost assets that residents have abandoned or forgotten about. These properties include uncashed payroll checks, old bank accounts, stocks and stock dividends, royalties, utility deposits, interest payments, insurance proceeds, retirement benefits, and contents of abandoned safe deposit boxes. By law, organizations and businesses have to turn these over to the state if the true owners do not claim them after a period of 3 to 5 years for most assets. Unclaimed savings bonds make up a huge chunk of the $330 million total Louisiana unclaimed money. State Treasurer John Kennedy is attempting to reunite matured forgotten United States savings bonds as well as other types of LA abandoned property with roughly 1 in every 6 of the state's residents.

(to be continued)

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