Tuesday, December 7, 2010

South Carolina Holds Online Unclaimed Property Auction

Add another entry to the list of recent articles here (and here, here, and here) about unclaimed property auctions.  The Unclaimed Property Division of South Carolina began an online unclaimed property auction yesterday.  Pursuant to the South Carolina Unclaimed Property Act, unclaimed property that has been held by the state for at least 3 years may be sold to the highest bidder at a public sale.  (S.C. Code Section 27-18-230).

Granted, most readers of Escheatable are sending out unclaimed property, not bringing it in.  But, if you are in the market for a set of sterling Christmas ornaments or a Morgan Dollar belt buckle this holiday season, be sure to check it out.

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