Property Ownership
West Virginia's Uniform Disposition of Unclaimed Property Act requires holders of abandoned property to:
ADestroy unclaimed property after 3 years
BReport and remit unclaimed property to the state after the applicable dormancy period✓ Correct
CDonate unclaimed real property to local nonprofits
DAuction unclaimed property through WVREC-supervised sales
Explanation
West Virginia's Uniform Disposition of Unclaimed Property Act requires holders of abandoned financial assets (bank accounts, uncashed checks, etc.) to report and remit them to the state after the dormancy period expires. The state holds them for the rightful owner to claim.
Related West Virginia Property Ownership Questions
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