Skip to Content

Why is my account considered dormant?

Under unclaimed or abandoned property statutes, States may consider investor accounts dormant where there is an absence of documented owner-generated contact or when multiple attempts to contact the investor have resulted in returned mail. These rules apply within a defined period of time, typically 3 or 5 years. The shareholder’s stock is considered “dormant” if there is no owner-initiated contact. Per individual State unclaimed or abandoned property laws, due diligence letters are mailed out to shareholders to alert them that their accounts are at risk of becoming dormant.

Back to top