It’s a common problem faced by businesses that build a good-sized customer base over time. A customer leaves a deposit, uses your services for a few years then moves on. They forget to ask for the deposit back and you are focused on getting new business, so returning that deposit doesn’t exactly keep you up at night. When certain conditions are met, property like this deposit can no longer be held by your business. It must be turned over to the state government.
Go to the article: States Become More Aggressive with Unclaimed and Abandoned Property
