Unclaimed property can be any financial asset that has been abandoned by its owner for a period of time specified by law.
People move and simply forget about an account or deposit.
People divorce, move, perhaps remarry and forget to notify everyone. The courts have long maintained the states' rights are derivative of the missing owner. In other words, the state stands in the shoes of the missing owner. The State Treasurer's office maintains custody until the rightful owner or his or her heirs claims the money. First class mailings .