Abandoned Property Dormancy Periods in Florida

Business Finance

Property Type	Presumed Abandoned After
Bank account	five years
Checks or drafts	five years
Demutualization proceeds	five years
Gift certificates, gift cards, and credit memos	no specific provision
Insurance policies	Life or annuity policies: five years. The presumed maturity of an insurance policy is two years.
IRAs or retirement funds	no specific provision
Money orders	seven years
Other intangible personal property not otherwise specified	other intangible personal property originated or issued by an entity in the state: three years. Otherwise, five years.
Proceeds from class action suits	no specific provision
Property distributable by a business association in the course of dissolution	six months after the date specified for final distribution Money that a business association has been ordered by the court or administrative agency to refund is presumed abandoned if it remains unclaimed by the owner for more than one year after it became payable in accordance with the final determination or order providing for the refund (regardless of whether the final determination or order requires the owner to make a claim for it).
Property held by courts or public agencies	Funds deposited in the Petroleum Trust Fund: five years. Other property held by courts or public agencies: one year.
Property held by fiduciaries	five years
Safe deposit boxes	three years
Shares in a financial institution	five years
Stocks, dividends, and distributions	three years
Traveler's checks	15 years
Deposits and advances owed utility company customer	one year
Wages or salaries	one year