Connecticut Due Diligence Review Summary

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This form is a review summary for Due Diligence in the dealing with oil, gas or minerals.
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(a) Within one hundred eighty days before a presumption of abandonment is to take effect in respect to property subject to section 3-60b or 3-60c and within one year before a presumption of abandonment is to take effect in respect to all other property subject to this part, and if the owner's claim is not barred by law ...

Section 53-23. - Abandonment of child under the age of six years. (a) Any person having the charge of any child under the age of six years who exposes such child in any place, with intent wholly to abandon such child, shall be guilty of a class D felony.

These situations can also be referred to as bona vacantia or simply unclaimed property. The concept of escheat maintains that property always has a recognized owner, which would be the state or federal governments if no other claimants to ownership exist or are readily identified.

How it works. If you don't have internet access, you can call 1-800-833-7318, Monday through Friday between a.m. and 5 p.m., and speak to a customer service representative. ?We'll be sending postcards out to property owners later this year,? Russell said.

Connecticut Dormancy Periods Generally, most property types have a three-year dormancy period. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property.

The primary objective of the unclaimed property program is to reunite rightful owners or heirs with their unclaimed property, which is remitted to the Office of the Treasurer by business entities after the business loses contact with a customer for a period of three to five years.

The Unclaimed Property Division is responsible for safeguarding assets turned over to the Office of the Treasurer in ance with state law, until the rightful owners are located.

Anyone can search the online database to see if the state owes you. Getting your money requires some work. The State Treasurer's Office says it typically takes about 90 days to process a claim once the proper documentation is received and some may take even longer due to their complexity.

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Connecticut Due Diligence Review Summary