Abandoned Property Dormancy Periods in Rhode Island
Business Finance
| Property Type |
Presumed Abandoned After |
| Bank account |
Demand and savings deposits: three years.
Time deposits: six years.
|
| Checks or drafts |
three years |
| Demutualization proceeds |
two years |
| Gift certificates, gift cards, and credit memos |
Gift certificates and credit memos: three years. |
| Insurance policies |
Life or annuity policies: three years.
The presumed maturity of an insurance policy is two years.
|
| IRAs or retirement funds |
no specific provision |
| Money orders |
five years |
| Other intangible personal property not otherwise specified |
three years
Includes property held by hospitals, nonprofits and charities, as well as property originated or issued by an entity in the state.
|
| Proceeds from class action suits |
six months |
| Property distributable by a business association in the course of dissolution |
six months |
| Property held by courts or public agencies |
one year
Property held by police departments: six months.
|
| Property held by fiduciaries |
three years
Family education accounts: 20 years.
|
| Safe deposit boxes |
three years |
| Shares in a financial institution |
three years |
| Stocks, dividends, and distributions |
five years |
| Traveler's checks |
15 years |
| Deposits and advances owed utility company customer |
one year |
| Wages or salaries |
one year |
Related Resources
Abandoned Property Dormancy Periods in South Carolina
Abandoned Property Dormancy Periods in Pennsylvania
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