Unclaimed Property in Georgia Laws and Regulations
Learn how to find and return property with GA unclaimed property laws and regulationsUnclaimed property in Georgia laws and regulations are based partially on the common law of property. This generally means that unclaimed property is property which has left the rightful owner’s possession without directly entering another owner’s possession.
The disposition of Georgia state unclaimed property depends on the specific circumstances under which it is found. There are three types of unclaimed property:
- 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 GA 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.
- 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.
- Abandoned property 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. GA abandoned property belongs to the finder.
Learn about the laws regarding the owners of Georgia unclaimed property
City of Atlanta provides its laws for returning unclaimed property to its owner. The City of Kingsland offers regulations for owners who wish to locate their unclaimed property.
Examine laws on holders of state of Georgia unclaimed propertyUnclaimed property laws describe the requirements for holders of unclaimed property to return the property to the rightful owner. They can determine when ownership of the unclaimed property passes to the holder.
Review laws on Georgia unclaimed property for findersUnclaimed property laws for finders address procedures for how finders charge owners for locating, delivering, recovering or assisting in the recovery of their unclaimed property. Unclaimed property laws for finders may also cover the rights of the state to recover compensation for unclaimed property.
Garden City Police Department provides its rules for finders of unclaimed property in that city. The Georgia Department of Revenue provides a FAQ on the laws regarding locators of unclaimed property in Georgia.
- The Uniform Unclaimed Property Act is a key piece of federal legislation that affects abandoned property of Georgia. 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.
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