Unclaimed Checks
MASS GENERAL LAW CHAPTER 200A SECTION 5: Subject to the provision of section one A, all intangible personal property not otherwise presumed to have been abandoned under any other section of this chapter, including but not limited to all certificates of ownership, dividends, stocks, bonds, money, drafts and claims for money and credit….shall be presumed abandoned unless claimed by the beneficiary or person entitled thereto within three years after the date prescribed for payment or delivery.
CHAPTER 200A SECTION 9A: On or before November first of each year the treasurer of any city or town holding checks issued by said city or town which have not been cashed and which are deemed abandoned under section five may issue a written determination that it is in the best interest of said city or town to follow the procedures set out in this section.
Checks issued by the City of Waltham that remain un-cashed are subject to the following actions:
- Letters are sent to payee's of un-cashed checks along with an acknowledgement form
for claiming the funds. - For checks over $100.00 an advertisement is placed in the local newspaper.
- An un-claimed check list is posted on the web-site.
FAQ:
- What if my name appears on the list, how do I claim my money?
- What happens if no one claims a check?
- I received notice of an un-cashed check, what is it for?