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State Treasurer Zweifel develops paperless system for claiming assets

Thursday, June 3, 2010 | 8:58 a.m. CDT

JEFFERSON CITY — Missouri Treasurer Clint Zweifel has developed a system for returning unclaimed property without using paper.

The state treasurer is responsible for overseeing unclaimed assets. Most consist of cash from bank accounts, stocks, bonds and the contents of safety deposit boxes.

Zweifel's office now can process most claims for $250 or less using paperless forms. The treasurer's office says most of its unclaimed property accounts are for less than $250.

Zweifel says the new system will help cut the average wait time for getting the property to about 15 days.

 


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