Escheatment. If applicable, in situations such as extended periods of inactivity on your account or no expressed interest by you on the account over a period of time, or such other situations as covered by law, applicable state law may deem the account abandoned and require us to turn over funds in your deposit account to the applicable state government. The applicable state law will be the state of the owner’s last known address as we have it on file. If funds have escheated, you may have to file a claim with the state to recover them.
Appears in 4 contracts
Samples: Commercial Deposit Agreement, Commercial Deposit Agreement, Commercial Deposit Agreement
