Go to:

http://www.law.upenn.edu/bll/ulc/fnact99/1990s/uupa95.htm

Most states have passed very similar versions of this
uniform law.  Basically the checks in this case
are presumed abandoned after 3-5-7 years (it does vary
by state) and each year you send the property to the state.
In the uniform law and in every state law I have researched
you must retain a report showing the last known address
of the payee for 10 years.  In financial services companies
this is a big deal, millions a year, and the states can get
pretty aggressive in auditing and collecting as it is a 'free'
source of revenue.

Rod Wallace
St. Louis

Roderick C. Wallace, CRM
Insurance Record Services, Inc.
9932 Parkway Drive
St. Louis, Missouri  63137-3126  USA
314 869 9288
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