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What happens to investment accounts that go unclaimed?

Q. What happens to investment accounts that go unclaimed? (i.e., stock, bonds, mutual funds)

A. If the owner does not maintain contact with the broker or the company in which the funds are invested, the investment account(s) will be turned over to the respective state’s unclaimed poperty division. The investment account(s) will then be liquidated upon receipt. The proceeds from the sale of the stock will be credited to an account in the owner’s name until such time the owner or owner’s heirs submit a valid claim.