Effective: April 12, 2021 Latest Legislation: Senate Bill 276 – 133rd General Assembly As used in this chapter, unless the context otherwise requires: (A) “Financial organization” means any bank, trust company, savings bank, safe deposit company, mutual savings bank without mutual stock, savings and loan association, credit union, or investment company. (B)(1) “Unclaimed funds” means […]
Effective: September 13, 2022 Latest Legislation: Senate Bill 224 – 134th General Assembly Subject to division (B) of section 169.01 of the Revised Code, the following constitute unclaimed funds: (A) Except as provided in division (R) of this section, any demand, savings, or matured time deposit account, or matured certificate of deposit, together with any […]
Effective: April 12, 2021 Latest Legislation: Senate Bill 276 – 133rd General Assembly (A)(1) Every holder of unclaimed funds and, when requested, every person that could be the holder of unclaimed funds, under this chapter shall report to the director of commerce with respect to the unclaimed funds as provided in this section. The report […]
Effective: December 11, 1967 Latest Legislation: Senate Bill 411 – 107th General Assembly (A) If funds otherwise subject to Chapter 169. of the Revised Code are held for or owed or distributable to an owner whose last known address is in another state by a holder who is subject to the jurisdiction of that state, […]
Effective: July 22, 1994 Latest Legislation: House Bill 399 – 120th General Assembly Nothing in section 169.04 or 169.05 of the Revised Code or in any other provision of this chapter shall be construed to diminish the authority of this state to recover one hundred per cent of funds that are or are presumed to […]
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) Every holder required to file a report under section 169.03 of the Revised Code shall, at the time of filing, pay to the director of commerce ten per cent of the aggregate amount of unclaimed funds as shown on the report, […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly (A) As used in this section, “United States savings bond” means property, tangible or intangible, in the form of a savings bond issued by the United States treasury whether in paper form, electric, or paperless form, along with all proceeds thereof. (B) […]
Effective: April 12, 2021 Latest Legislation: Senate Bill 276 – 133rd General Assembly (A) Every holder of attorney unclaimed funds shall, at the time of filing, remit to the director of commerce one hundred per cent of the aggregate amount of unclaimed funds as shown on the report. The funds may be claimed by the […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) Before the first day of November of each year immediately following the calendar year in which the filing of reports is required by section 169.03 of the Revised Code, the director of commerce shall cause notice to be published once in […]
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly (A) Upon the payment of unclaimed funds to the director of commerce under section 169.05 of the Revised Code the holder will be relieved of further responsibility for the safe-keeping thereof and will be held harmless by the state from any and […]
Effective: April 12, 2021 Latest Legislation: Senate Bill 276 – 133rd General Assembly (A) The director shall pay to the owner or other person who has established the right to payment under this section, funds from the unclaimed funds trust fund in an amount equal to the amount of property delivered or reported to the […]
Effective: September 29, 1999 Latest Legislation: House Bill 283 – 123rd General Assembly The director of commerce shall make, in accordance with Chapter 119. of the Revised Code, necessary rules that prescribe uniform methods for conducting unclaimed funds audits under section 169.03 of the Revised Code and for determining when such an audit is appropriate, […]
Effective: December 11, 1967 Latest Legislation: Senate Bill 411 – 107th General Assembly (A) No person or holder shall knowingly fail to render any report or perform other duties required under Chapter 169. of the Revised Code. (B) No person or holder shall knowingly refuse to pay or deliver unclaimed funds to or enter into […]
Effective: October 16, 1972 Latest Legislation: Senate Bill 215 – 109th General Assembly Any holder who has possession, custody, or control of moneys, rights to moneys, or other intangible property which he has reason to believe will be reportable in the future as unclaimed funds may report such items as unclaimed funds prior to the […]
Effective: September 20, 1984 Latest Legislation: Senate Bill 223 – 115th General Assembly (A) Whoever knowingly violates section 169.03 of the Revised Code by failure to report unclaimed funds by the date prescribed therefor may be subject to a civil penalty of one hundred dollars per day. (B) Whoever violates section 169.03 of the Revised […]
Effective: April 12, 2021 Latest Legislation: Senate Bill 276 – 133rd General Assembly (A)(1) All agreements to pay a fee, compensation, commission, or other remuneration to locate, deliver, recover, or assist in the recovery of unclaimed funds reported under section 169.03 of the Revised Code, entered into within two years immediately after the date a […]
Effective: May 22, 2007 Latest Legislation: Senate Bill 223 – 126th General Assembly (A) Each person that files a claim with the director of commerce, pursuant to an agreement entered into under section 169.13 of the Revised Code, shall include with that claim the number designated on the certificate of registration that is issued to […]
Effective: October 9, 2021 Latest Legislation: House Bill 263 – 133rd General Assembly (A) No person, on behalf of any other person, shall engage in any activity for the purpose of locating, delivering, recovering, or assisting in the recovery of unclaimed funds or contents of a safe deposit box, and receive a fee, compensation, commission, […]
Effective: October 9, 2021 Latest Legislation: House Bill 263 – 133rd General Assembly (A) After notice and an opportunity for a hearing conducted in accordance with Chapter 119. of the Revised Code and except as provided in division (B) of this section, the director of commerce shall revoke or refuse to issue or renew a […]
Effective: May 22, 2007 Latest Legislation: Senate Bill 223 – 126th General Assembly (A) Whoever violates section 169.10 of the Revised Code shall be fined not more than five hundred dollars. Each day of continuance of such violation is a separate offense. (B) Whoever violates division (C) of section 169.13 or division (A) of section […]
