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The state of Georgia maintains a database of this unclaimed property. It is completely free to search the database and to claim your property. All you need to begin is your name. Adding the city will narrow down your search results.
Funds are maintained in the dormant account for five (5) years. Any unclaimed funds beyond five years are considered abandoned and should be remitted to the State Revenue Office.
§16-8-6 reads as follows: A person commits the offense of theft of lost or mislaid property when he comes into control of property that he knows or learns to have been lost or mislaid and appropriates the property to his own use without first taking reasonable measures to restore the property to the owner.
There are different dormancy holding periods for different types of property. For example, unclaimed paychecks should be held for one year before remission to the state. Other types of payments are typically required to be held for five years prior to remission.
The State of Georgia provides a quick, easy, and free way for you to locate and collect your Unclaimed Property. Please visit to search for Unclaimed Property held by the State of Georgia. To search for Unclaimed Property in other states please visit .unclaimed.org.
Georgia adverse possession laws require 20 years of occupation in order to claim title. Adverse possession laws are commonly referred to as "squatters' rights" laws, since they often are invoked by squatters who inhabit land or structures otherwise left unused.
All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a person that remains unclaimed by the person entitled thereto, within one year after the date of final distribution or liquidation, shall be presumed abandoned.
Georgia Dormancy Periods Generally, most property types have a five-year dormancy period. Accounts are considered dormant if the property owner has not indicated any interest in the property, or if no contact has been made by the owner for the allotted dormancy period for that property.