Edit Legal West Virginia Abandoned Property Forms For Free

West Virginia Unclaimed Property Negative Reports Negative reports refer to reports that need to be filed when there is no unclaimed property to report or remit to the state for the year. West Virginia does not require negative reports but recommends them for past filers.

In California, unclaimed property is anything a business owes to stakeholders past the period of abandonment. Stakeholders include employees, vendors, customers, creditors, or shareholders. Types of property, also called abandoned property, are: Uncashed or voided payroll checks and/or accounts payable disbursements.

WV State Treasurer's Office assures residents unclaimed property checks are real.

Any personal property left by tenant and stored for safekeeping must be removed by tenant by a date specified in the notice that is at least 30 days after the date the written notice was mailed, or if the tenant is on active duty in the armed forces of the United States, at least 60 days from the date of the notice.

Dormancy periods in West Virginia vary by property type. Generally, most property types have a five-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.

Generally, if the property in question has not had any activity within a certain period of time, e.g., three years for most properties, and the holder is unable to locate the property owner, it is considered abandoned and must be reported to the Unclaimed Property Division of the State Treasurer's Office.