Unclaimed Property in Connecticut Laws and Regulations

Use Connecticut escheat laws and regulations to return and locate unclaimed property

Unclaimed property in Connecticut laws and regulations are partially derived from the common law of property. They generally define unclaimed property as property which has left the original owner’s possession without directly entering the possession of another party.

Connecticut state unclaimed property laws that are relevant to a particular case depend heavily on the circumstances under which the unclaimed property is found. Unclaimed property may generally be grouped into the following categories:
  1. Lost property is found in a location where the owner did not intend to leave it and is not likely to find it. The finder of unclaimed property in CT is entitled to possession against everyone but the true owner. One exception to this rule occurs when a trespasser finds lost property while on private land.
  2. Mislaid property is found in a location where the owner did intend to leave it and simply forgot to pick it up. Mislaid property must be returned to the owner.
  3. Abandoned property of Connecticut is found in a place where the owner intended to leave it. However, the condition of the property is such that it is unlikely that the true owner intends to reclaim it. Abandoned property belongs to the finder.

Study the laws that relate to owners of Connecticut unclaimed property

Laws on unclaimed property commonly determine when unclaimed property must be returned to the owner. Unclaimed property laws and regulations represent a valuable resource for owners who wish to locate their unclaimed property. The Connecticut Department of the Treasury is in charge of locating unclaimed property for an individual.
Connecticut General Assembly provides the laws for returning unclaimed property to the owner in Connecticut. The City of Hartford Police Department has instructions for owners seeking to have their unclaimed property returned to them.

Review the laws that are specific to holders of state of Connecticut unclaimed property

These laws most commonly affect financial institutions that have inactive or dormant accounts. They can also determine when the holder becomes the owner of the unclaimed property.
Office of State Treasurer for Connecticut provides the reporting regulations for holders of unclaimed property in Connecticut. The National Credit Union Administration has issued an opinion letter regarding the holder of unclaimed property in Connecticut, such as inactive credit union accounts.

Examine state of CT unclaimed property law that is specific to finders

Unclaimed property laws for finders may regulate fees that the finder may charge the owner for delivering, locating or recovering the unclaimed property. These laws may also determine when found property reverts to the finder.
State of Connecticut Judicial Branch provides information on the rights of ownership for a finder of unclaimed property. Justia.com provides the text of Chapter 859 of the Connecticut Code, which has the laws on returning unclaimed property to the finder.
  • The Uniform Unclaimed Property Act is a key piece of federal legislation that affects CT escheat. The Act seeks to address the problems of unclaimed property that arise from its origins in English common law. The National Conference of Commissioners on Uniform State Laws first drafted the Uniform Unclaimed Property Act in 1981 and last revised it in 1995.

Trusted Vendors


Our 60,000+ employees are devoted to America's financial needs.

Visit usa.siemens.com/finance