Shasta
Unclaimed Property
There are currently 1,909 unclaimed property records worth $216,300 being held by the state of California for Shasta residents and former residents. Among the largest holders is Manulife Financial Corporation with $3,700 in unclaimed funds waiting to be returned.
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Unclaimed Property in Shasta
Shasta's substantial unclaimed property total reflects the area's history of resource-based industries and population mobility around Shasta Lake recreation. The presence of Macpherson Oil Company LLC holding $2,000 in unclaimed funds is typical for this region, where oil and gas companies have operated for decades, often leaving behind unclaimed royalty payments, lease deposits, and vendor payments when operations shift.
Bank of America Corporation's $310.20 represents the more common scenario of forgotten checking accounts and safe deposit boxes from residents who relocated for seasonal work or retirement. The high concentration of premium refunds in the data suggests many Shasta residents may have switched insurance providers without collecting final refunds, possibly due to the area's proximity to both Redding's urban services and rural mountain communities where people frequently move between different insurance needs.
Given Shasta's location near the scenic Shasta-Trinity National Forest, many claims likely originate from former seasonal residents or workers in the tourism and recreation industries who lost track of final paychecks or security deposits.
Shasta ZIP Codes
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Companies Holding Shasta Property
These companies hold the most unclaimed property from Shasta residents
Frequently Asked Questions
How much unclaimed money is being held for Shasta residents?
Currently, $216,300 in unclaimed property is being held across 1,909 records for Shasta residents, with an average claim value of $115.99. This represents only California state records, so additional funds may be held by federal agencies or other states where residents previously lived or worked.
Which companies are holding the most unclaimed property from Shasta?
The top holders are Manulife Financial Corporation with $3,700 (typically from unclaimed life insurance benefits or annuity payments), Macpherson Oil Company LLC with $2,000 (usually royalty payments, lease deposits, or vendor payments), and Bank of America Corporation with $310.20 (commonly from dormant checking accounts, savings accounts, or uncashed cashier's checks).
What types of unclaimed property are most common in Shasta?
The most common types are Credit Balance - Accounts Receivable with 212 records (money owed back to customers from overpayments or refunds), Premium Refunds with 212 records (unclaimed insurance premium refunds when policies are cancelled or overpaid), and Dividends with 186 records (unclaimed stock dividends or mutual fund distributions).
How long does it take to claim unclaimed property in California?
Most California unclaimed property claims are processed within 60-90 days after submitting required documentation. Smaller claims under $100 typically process faster, while larger amounts may require additional verification. Our search is instant, but allow 2-3 months for the state to review and approve your claim.
Is there a deadline to claim unclaimed property in Shasta?
California holds unclaimed property indefinitely with no deadline to file claims. However, you should search now because dormant accounts may continue earning interest, companies frequently merge or change names making future claims more complex, and inflation reduces the purchasing power of your money over time.
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