Code of Federal Regulations (alpha)

CFR /  Title 41  /  Part 102-41  /  Sec. 102-41.180 May we retain the proceeds from the sale of unclaimed

No, you must deposit proceeds from the sale of unclaimed personal property in a special account to be maintained for a period of 3 years pending a possible claim by the former owner. After the 3-year period, you must deposit the funds in the U.S. Treasury as miscellaneous receipts or in such other agency accounts when specifically authorized by statute.