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On July 1, 2000, the Oklahoma State Treasurer assumed responsibility for the state’s Unclaimed Property Program. In fiscal year 2000 alone, nearly $6.7 million was returned to approximately ten thousand rightful owners, or their heirs. Claims ranged from a few dollars up to a claim of over a quarter of a million dollars.
In Oklahoma property is considered unclaimed when there is a lack of activity generated by the rightful owner of the property. Inactivity evidence includes failure to cash a check, return of a check or correspondence by the Post Office as undeliverable, or absence of any communication from the owner. If property remains unclaimed for a certain number of years set by The Uniform Unclaimed Property Act located in the Oklahoma Statutes at Title 60, section 651 et seq., it is considered abandoned and must be reported to the state's Unclaimed Property Program.
Unclaimed property in Oklahoma is listed on reports published twice each year in newspapers and is now available via the Internet.
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