Missouri’s Annual Unclaimed Property Auction Is This Week

(Missourinet) The state’s annual unclaimed property auction is this week in southeast Missouri.

State Treasurer Vivek Malek says more than 21-hundred lots will be auctioned off between Wednesday and Thursday in Cape Girardeau.

Under Missouri law, financial institutions surrender safe deposit boxes after five years of inactivity.

Each year, the State Treasurer’s Office receives the contents of about one-thousand safe deposit boxes.