Abandoned Property Dormancy Periods in Pennsylvania
Business Finance
| Property Type |
Presumed Abandoned After |
| Bank account |
five years |
| Checks or drafts |
five years |
| Demutualization proceeds |
two years |
| Gift certificates, gift cards, and credit memos |
Gift certificates: two years after the redemption period or five years after issuance if there is no redemption period. |
| 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 |
five years
Includes bonds, debentures, and payments from cooperatives to patrons. |
| Proceeds from class action suits |
no specific provision |
| Property distributable by a business association in the course of dissolution |
two years |
| Property held by courts or public agencies |
Tangible property: three years. |
| Property held by fiduciaries |
five |
| Safe deposit boxes |
five years |
| Shares in a financial institution |
five years |
| Stocks, dividends, and distributions |
five years |
| Traveler's checks |
15 years |
| Deposits and advances owed utility company customer |
five years
Refunds: two years. |
| Wages or salaries |
two years |
Related Resources
Abandoned Property Dormancy Periods in Rhode Island
Abandoned Property Dormancy Periods in Oregon
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