Unclaimed property event set for Lakeside Shopping Center
The Louisiana Department of Treasury is holding an event to help people retrieve unclaimed property on Saturday at Lakeside Shopping Center in Metairie.
The event is scheduled from 10 a.m. to 3 p.m., a news release said.
Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities and insurance proceeds to the State Treasurer’s Office. These funds, known as “unclaimed property,” include payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates and life insurance proceeds.
One in six individuals in Louisiana has unclaimed property, with claims averaging $900, according to the department. One of the main reasons an item becomes unclaimed property is because of an incorrect or old address.
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