A Network of the National Association of State Treasurers

Massachusetts

Massachusetts State Treasurer's Office
Unclaimed Property Division
Director: Mark W. Bracken, Director of Abandoned Property
Office phone: (617) 367-0400
1 Ashburton Place, 12th Floor Boston, MA 02108

Dormancy Periods

The following dormancy periods are listed in years, unless otherwise noted.

Savings: 3
Checking: 3
Non-bank Money Orders: 3
Certificates of Deposit: 3
Official Bank Checks/MO: 3
Safe Deposit Boxes: 7
Travelers Checks: 15
Life Insurance Matured: 3
Otherwise: 3
All: 3
Casualty: 3
Utility Deposits: 3
Utility Refunds: 3
Dividends: 3
Securities: 3
Debt (bonds): 3
Dissolution/Liquidation: 1
Fiduciaries: 3
Wages: 3
State Courts/Agencies: 3
Federal Courts/Agencies: No provision
Mineral Proceeds: 3
All Other Property: 3
IRA Keogh: 3
Gift Certificate: * A law passed last year requires that all gift certificates -- including gift cards -- redeemed in Massachusetts not expire for seven years from the date of purchase. This law went into effect June 1, 2003. This new law enables businesses to keep the money of unredeemed gift certificates after seven years from issuance -- as long as said gift certificates have dates of issuance and expiration clearly marked on them. Under the new law, gift certificates without such dates are redeemable in perpetuity. Previously, state law -- which required that gift certificates be good for a period of at least two years -- mandated merchants turn over the value of expired gift certificates to the State Treasurer's Abandoned Property Division.
Credit Memos: 3
Vendor-Vendor Payments: Exempt
Aggregate Amount: 100

Reporting and Payment Due Dates

The following indicates the report and payment due dates for the various property types.

Report Due—Life Insurance: May 1
Report Due—All Others: November 1
Payment Due—Life Insurance: May 1
Payment Due—All Others: November 1
Exceptions: Refer to State law for specific information

Electronic Reporting Capability Schedule

The following indicates which types of reporting formats are accepted by this state.

Diskette: Yes
Tape: Yes
Cartridge: Yes
CD:
NAUPA Format: Yes
Comments: See MA website to download software

Information contained in the NAUPA QRP States Unclaimed Property Monitoring Service is for informational and reference purposes only. This information may not be copied or reproduced in any capacity without the express written consent of the National Association of Unclaimed Property Administrators®. Liability arising from the reliance on any information contained in the material presented, which may prove to be inaccurate or incomplete, is specifically disclaimed. Contact each state unclaimed property agency for verification should a question or concern arise.