Take advantage of unclaimed property in South Dakota to locate items you need for your business at a considerable cost savings. You can often purchase South Dakota state unclaimed property at auctions: Purchase things like office equipment, computers or furnishings at auctions held by the state to liquidate South Dakota unclaimed property. Learn the appropriate forms to fill out and the procedures to follow regarding abandoned property in South Dakota so you don't miss out due to administrative issues.

Educate yourself on unclaimed property in SD. SD escheatment is the process by which unclaimed property is transferred to the state of South Dakota, usually because it has been abandoned by the owners or seized by the police. Typical unclaimed property types in South Dakota include vehicles, pay checks that remain unclaimed, unclaimed insurance benefits and uncashed checks. Just about anything, however, may be classified as state of South Dakota unclaimed property.

1. Find the forms you need to report or search South Dakota abandoned property.

2. Locate SD unclaimed property.

3. Take advantage of auctions to purchase South Dakota unclaimed property.

Action Steps
The best contacts and resources to help you get it done

Learn your responsibilities regarding unclaimed SD property and how to access SD unclaimed property

Educate yourself on SD unclaimed property listings so you can purchase the property legally and so you know what to do if you find yourself in possession of unclaimed property like the final pay check of a previous employee.

I recommend: South Dakota's State Treasurer's Office is responsible for the South Dakota unclaimed property division. You can access South Dakota unclaimed property listings and the forms you need through their website. Business Owner's Toolkit provides you with the information you need to know to report unclaimed property in South Dakota.

Find the type of unclaimed property you need

Research the various ways in which South Dakota's unclaimed property is disposed of so you can find the type of property you're looking for. Abandoned homes are not likely to be sold the same way as an impounded vehicle.

I recommend: The State of South Dakota motor vehicle division provides you with the information you need to transfer ownership on abandoned vehicles. CashUnclaimed.com allows you to search for unclaimed cash in the state of South Dakota.

Attend auctions to purchase unclaimed property in South Dakota at a discount

Plan on attending the auctions that are held specifically to liquidate unclaimed property. Find out if auctions are regularly scheduled or if you need to be added to a mailing list so you stay in the know on when such auctions are taking place.

I recommend: Government Auctions Guide lists foreclosures on abandoned properties in the state of South Dakota. JustAuctions.com allows you to view police and government auctions held in the state of South Dakota.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Be advised that when you attend an auction for unclaimed property you must be prepared to pay in full for your purchases whether you purchase a small item or a large vehicle or even a building. Have your finances in order prior to attending the auction to avoid any confusion.