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Fill in a Valid Oklahoma Unclaimed Property 496 Up Template

The Oklahoma Unclaimed Property 496 Up form serves as a crucial document for reporting unclaimed property in the state of Oklahoma. This form is designed for individuals and businesses to verify and checklist their unclaimed property before submission. Completing this form accurately ensures compliance with state regulations and helps reunite owners with their lost assets.

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Fill in a Valid Oklahoma Unclaimed Property 496 Up Template

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The Oklahoma Unclaimed Property 496 Up form is an essential document for any entity holding unclaimed property. This form is used to report unclaimed property to the Oklahoma State Treasurer's Unclaimed Property Division, ensuring compliance with state laws. It requires holders to provide detailed information about their organization, including the name, state of incorporation, and federal employer identification number. Additionally, it includes a checklist to confirm that the holder has reviewed various property types, such as bank accounts, insurance claims, and uncashed checks. Each property type is categorized with specific codes and abandonment periods, guiding holders in reporting accurately. The form also necessitates a sworn verification from an authorized individual, affirming the accuracy of the report. By completing this form, businesses can fulfill their legal obligations and help reunite individuals with their lost assets.

Document Properties

Fact Name	Description
Form Identification	The Oklahoma Unclaimed Property 496-UP form is used to report unclaimed property and includes verification and checklist sections. It is essential for holders to complete this form accurately.
Governing Law	This form is governed by the Oklahoma Unclaimed Property Law, specifically outlined in Title 60 of the Oklahoma Statutes.
Reporting Requirements	Every entity, including individuals, corporations, and financial organizations, must complete a checklist before filing the report. This ensures compliance with state regulations.
Submission Details	Completed forms should be mailed to the Oklahoma State Treasurer Unclaimed Property Division at the specified address, along with any checks for payment.

Common mistakes

Incomplete Information: Failing to fill in all required fields can lead to delays. Each section must be completed accurately.
Incorrect Company Name: Using an outdated or incorrect name for the holder company can result in processing issues. Always verify the current name.
Missing Prior Names or Addresses: If the company has changed names or addresses, this information must be included. Omitting it may complicate the verification process.
Improper Property Type Codes: Selecting the wrong property type codes can lead to incorrect reporting. Double-check the codes against the checklist provided.
Failure to Sign: Not signing the form can result in rejection. Ensure that the verification is signed by an authorized individual.
Neglecting to Provide Contact Information: Not including a contact person or telephone number can hinder communication if there are questions about the report.
Ignoring the Checklist: Skipping the checklist can lead to missing important details. Always complete the checklist before submission.

Misconceptions

Misconception 1: The 496-UP form is only for businesses.

Many individuals believe that only corporations or large organizations need to file the 496-UP form. In reality, any person or entity that holds unclaimed property, including small businesses and individuals, must complete this form if they meet the reporting criteria.

Misconception 2: Filing the form is optional if property is not significant.

Some holders think they can skip filing if the amount of unclaimed property is small. However, the law requires all holders to report unclaimed property, regardless of the amount. Failing to file could lead to penalties.

Misconception 3: The checklist included in the form is not mandatory.

Some may assume that the checklist is merely a suggestion. This is incorrect. Completing the checklist is a required step in the filing process, ensuring all necessary items are accounted for before submission.

Misconception 4: Once filed, there is no need to keep records.

After submitting the 496-UP form, some holders believe they can discard their records. This is a mistake. It is essential to retain documentation related to the unclaimed property for future reference and potential audits.

Preview - Oklahoma Unclaimed Property 496 Up Form

Form Number 496-UP -Revision 06/11/2013

OKLAHOMA STATE TREASURER UNCLAIMED PROPERTY DIVISION

REPORT OF UNCLAIMED PROPERT – VERIFICATION AND CHECKLIST

Verification for Period Ended _______________, ______

Provide the name of the holder company reporting for the period indicated. List the prior name(s), FEI(s), or address(es) if the company has had a change in these items during the time period in which it has held the property being reported.

Name ________________________________________________________	State of Incorporation______________________________________
_____________________________________________________________	Date of Incorporation _______________________________________
Address ______________________________________________________	Federal Employer ID#_______________________________________
_____________________________________________________________

Every person, corporation, or other business association, banking or financial organization, life insurance corporation, utility, court or public authority must complete the following checklist before filing their Oklahoma Unclaimed Property Report. This checklist includes by way of illustration, but not limitation, those items which are covered by Sections of the Oklahoma Unclaimed Property Law.

Please complete the checklist by indicating the items being reported. A “Yes” must be enumerated on Unclaimed Property Form 497-UP-2.

			Property Type Codes and Abandonment Periods
					Account Balances Due
Yes	No	Code Description		Yr	Yes	No	Code	Description	Yr
___	___	AC01	Checking Accounts	5	___	___	AC06	Security Deposits	5
___	___	AC02	Savings Accounts	5	___	___	AC07	Unidentified Deposits	5
___	___	AC03	Matured CD or Saving Certificate	5	___	___	AC08	Suspense Accounts	5
___	___	AC04	Christmas Club Funds	5	___	___	AC99	Aggregate Account Balances	5
___	___	AC05	Money on Deposit to Secure Fund	5
					Court Deposits
___	___	CT01	Escrow Funds	1	___	___	CT04	Suspense Accounts	1
___	___	CT02	Condemnation Awards	1	___	___	CT05	Other Court Deposits	1
___	___	CT03	Missing Heirs’ Funds	1	___	___	CT99	Aggregate Court Deposits	1
					Health Savings Plan
___	___	HS01	Health Savings Account	5	___	___	HS02	Suspense Accounts	5
					Insurance
___	___	IN01 Individual Policy Benefits or Claim Payments		5	___	___	IN06	Unidentified Remittances	5
___	___	IN02 Group Policy Benefits or Claim Payment		5	___	___	IN07	Other Amounts Due Under Policy Terms	5
___	___	IN03 Proceeds Due Beneficiaries		5	___	___	IN08	Agent Credit Balances	5
___	___	IN04 Proceeds from Matured Policies,		5	___	___	IN09	Proceeds from Demutualization	2
			Endowments, or Annuities		___	___	IN10	Shares of Stock from Demutualization	2
___	___	IN05 Premium Refunds		5	___	___	IN99	Aggregate Insurance Property	5
				IRA’S (TRADITIONAL/ROTH)
___	___	IR01 Traditional IRA – Cash		7**	___	___	IR05	Roth IRA – Cash	7**
___	___	IR02 Traditional IRA – Mutual Fund		7**	___	___	IR06	Roth IRA– Mutual Funds	7**
___	___	IR03 Traditional IRA – Securities		7**	___	___	IR07	Roth IRA– Securities	7**
** IRA’s are reportable 7 years after the participant has attained the age of 70 1/2.
				Mineral Proceeds and Mineral Interests
___	___	MI01	Net Revenue Interest	5	___	___	MI06	Bonuses	5
___	___	MI02	Royalties	5	___	___	MI07	Delay Rentals	5
___	___	MI03	Overriding Royalties	5	___	___	MI08	Shut‐In Royalties	5
___	___	MI04	Production Payments		___	___	MI09	Minimum Royalties	5
___	___	MI05	Working Interest	5
			Miscellaneous Checks and Intangible Personal Property
___	___	MS01	Wages, Payroll, and Salary	1	___	___	MS11	Refunds Due	5
___	___	MS02	Commissions	5	___	___	MS12	Unredeemed Gift Certificates	5
___	___	MS03	Worker’s Compensation Benefits	5	___	___	MS13	Unclaimed Loan Collateral	5
___	___	MS04	Payment for Goods and Services	5	___	___	MS14	Pension & Profit Sharing Plans	7**
___	___	MS05	Customer Overpayments	5	___	___	MS15	Dissolution or Liquidation	1
___	___	MS06	Unidentified Remittances	5	___	___	MS16	Misc Outstanding Checks	5
___	___	MS07	Un‐refunded Overcharges	5	___	___	MS17	Misc Intangible	5
___	___	MS08	Accounts Payable	5	___	___	MS18	Suspense Liabilities	5
___	___	MS09	Credit Balance ‐ Accounts Receivable	5	___	___	MS99	Aggregate Misc Property	5
___	___	MS10	Discounts Due	5
				Safe Deposit Boxes and Safekeeping
___	___	SD01	Safe Deposit Box Contents	5	___	___	SD03	Other Tangible Property	5
___	___	SD02	Other Safekeeping	5

					Securities
Yes	No	Code	Description	Yr	Yes	No	Code	Description	Yr
___	___	SC01	Dividends	3	___	___	SC13	Funds for Liquidation/Redemption	3
___	___	SC02	Interest (Bond Coupons)	3				of Un‐surrendered Stocks or Bonds
___	___	SC03	Principal Payments	3	___	___	SC14	Debentures	3
___	___	SC04	Equity Payments	3	___	___	SC15	US Government Securities	5
___	___	SC05	Profits	3	___	___	SC16	Mutual Fund Shares	3
___	___	SC06	Funds Paid to Purchase Shares	3	___	___	SC17	Warrants (Rights)	3
___	___	SC07	Funds for Stocks and Bonds	3	___	___	SC18	Matured Bond Principal	3
___	___	SC08	Shares of Stock Returned by Post Office	3	___	___	SC19	Dividend Reinvestment Plans	3
___	___	SC09	Cash for Fractional Shares	3	___	___	SC20	Credit Balances	3
___	___	SC10	Un‐exchanged Stock of Successor Corp	3	___	___	SC21	Common Stock	3
___	___	SC11	Other Certificates of Ownership	3	___	___	SC22	Convertible Securities	3
___	___	SC12	Underlying Shares or Other	3	___	___	SC23	Preferred Securities	3
			Outstanding Certificates		___	___	SC24	Fixed Income Securities	3
					___	___	SC25	Real Estate‐Based Securities	3
				Trust, Investment, and Escrow Accounts
___	___	TR01	Paying Agent Accounts	5	___	___	TR04	Escrow Accounts	5
___	___	TR02	Undelivered or Uncashed Dividends	5	___	___	TR05	Trust Vouchers	5
___	___	TR03	Funds Held in Fiduciary Capacity	7	___	___	TR99	Aggregate Trust Property	5
					Uncashed Checks
___	___	CK01	Cashier’s Checks	5	___	___	CK10	Expense Checks	5
___	___	CK02	Certified Checks	5	___	___	CK11	Pension Checks	5
___	___	CK03	Registered Checks	5	___	___	CK12	Credit Checks or Memos	5
___	___	CK04	Treasurer’s Checks	5	___	___	CK13	Vendor Checks	5
___	___	CK05	Drafts	5	___	___	CK14	Checks Written Off to Income	5
___	___	CK06	Warrants	5	___	___	CK15	Other Outstanding Official Checks	5
___	___	CK07	Money Orders	7	___	___	CK16	CD Interest Checks	5
___	___	CK08	Traveler’s Checks	15	___	___	CK99	Aggregate Uncashed Checks	5
___	___	CK09	Foreign Exchange Checks	5
					Utilities
___	___	UT01	Utility Deposits	1	___	___	UT04	Capital Credit Distribution	5
___	___	UT02	Membership Fees	1	___	___	UT99	Aggregate Utility Property	1
___	___	UT03	Refunds or Rebates	1

Please indicate the primary business activity of your company ________________________________________________________________________

Did you file a report of unclaimed property last year: YES ______ NO ______ If no, please explain: _______________________________________

Holder Contact: ___________________________________________________________________ Telephone Number: ________________________

Claim Person: ___________________________________________________________________ Telephone Number: ________________________

Address:__________________________________________________________________________________________________________________

State of ___________________________________________________:

County of _________________________________________________: SS

I, _________________________________________________________________, being first duly sworn, on oath depose and state that I have caused to be prepared

and have examined this report consisting of ________ pages totaling $ ____________, ______________ shares, and ____________ safekeeping items as to property

presumed abandoned under the Oklahoma Unclaimed Property Law for the year ending as stated, that I am duly authorized to execute this verification by the holder and by law and that I believe that said report is true, correct and complete as of said date, excepting for such property as has since ceased to be abandoned.

Signature ________________________________________________________________ Title _________________________________________________

Subscribed and sworn to before this _______________ day of ___________________________, _________________.

Notary Signature: _________________________________________________________________________________

My Commission Expires the __________________ day of _____________________________, _________________.

Mail reports and make checks payable to:

Oklahoma State Treasurer

Unclaimed Property Division

2300 N Lincoln Blvd., Rm. 217

Oklahoma City, Oklahoma 73105‐4895

Reporting: (405) 521‐4275

FAQ

What is the purpose of the Oklahoma Unclaimed Property 496 Up form?

The Oklahoma Unclaimed Property 496 Up form is designed for businesses and organizations to report unclaimed property to the state. This includes funds or assets that have remained unclaimed for a certain period, such as abandoned bank accounts, uncashed checks, and other types of property. By filing this form, holders help ensure that rightful owners can reclaim their property, thus promoting transparency and accountability.

Who is required to file the 496 Up form?

Every person, corporation, or business association that holds unclaimed property must complete and file the 496 Up form. This includes banks, insurance companies, utilities, and other organizations. If your organization has unclaimed property that falls under the guidelines set by Oklahoma law, you are legally obligated to report it.

What types of property must be reported on the form?

The form covers a wide range of property types, including checking and savings accounts, security deposits, uncashed checks, insurance benefits, and more. Each category has specific codes and abandonment periods that must be adhered to. It's crucial to accurately identify and report all applicable property to ensure compliance with state regulations.

What is the abandonment period for unclaimed property?

The abandonment period varies by property type. For instance, checking accounts and savings accounts typically have a five-year abandonment period, while certain court deposits may only require reporting after one year. Understanding these time frames is essential for compliance, as it determines when property is considered unclaimed and must be reported.

How do I complete the checklist included in the form?

The checklist is a critical component of the form. It requires you to indicate which types of unclaimed property you are reporting by marking "Yes" or "No" next to each item. Ensure that you review each category thoroughly and provide accurate information. A "Yes" response must be enumerated on the Unclaimed Property Form 497-UP-2 for the report to be valid.

What happens if I fail to file the form?

Failing to file the Oklahoma Unclaimed Property 496 Up form can lead to penalties, including fines and potential legal action. Additionally, unclaimed property that is not reported may remain unclaimed indefinitely, preventing rightful owners from recovering their assets. It is in your best interest to comply with the reporting requirements to avoid these consequences.

Where do I send the completed form?

Once you have completed the Oklahoma Unclaimed Property 496 Up form, it should be mailed to the Oklahoma State Treasurer, Unclaimed Property Division, at 2300 N Lincoln Blvd., Room 217, Oklahoma City, Oklahoma 73105-4895. If you have any questions or need assistance, you can contact their reporting line at (405) 521-4275.

⇓ Oklahoma Unclaimed Property 496 Up PDF Form

Documents used along the form

When filing the Oklahoma Unclaimed Property 496-UP form, several other documents may be necessary to ensure compliance and completeness. Below is a list of commonly used forms and documents that accompany the 496-UP form. Each document plays a vital role in the reporting process.

Form 497-UP-2: This checklist must be completed to confirm that all required items are reported. It ensures that the reporting holder has reviewed and included all necessary property types.
Form 490-UP: This is the Annual Report of Unclaimed Property. It provides a comprehensive overview of all unclaimed property held by the reporting entity during the reporting period.
Form 491-UP: This form is used to report any changes in the holder's information, such as name or address changes, ensuring that records are up to date.
Form 492-UP: This is a claim form for individuals who believe they have a right to unclaimed property. It initiates the claim process for the rightful owner.
Form 493-UP: This form is for the holder to report any property that has been returned to the rightful owner after being reported as unclaimed.
Form 494-UP: This document is used to report any property that has been transferred to another state or jurisdiction, ensuring proper tracking of unclaimed assets.
Form 495-UP: This is a request for an extension to file the unclaimed property report. It may be necessary if more time is needed to gather information.
Form 496-UP-A: This is an addendum to the 496-UP form, used to provide additional details or explanations regarding the reported unclaimed property.
Texas Quitclaim Deed: For those dealing with property transfers, a UsaLawDocs.com form can streamline the process, ensuring that interests are passed on without the complexities of title guarantees.
Form 498-UP: This is a reconciliation form used to resolve discrepancies between reported amounts and actual balances held by the holder.
Form 499-UP: This document is a summary report that compiles all unclaimed property reported by the holder, providing a clear overview for auditing purposes.

Completing these forms accurately is essential to ensure compliance with Oklahoma's unclaimed property laws. Each document serves a unique purpose and helps in maintaining clear records. Make sure to review each form carefully and submit them as required.

Guide to Using Oklahoma Unclaimed Property 496 Up

Filling out the Oklahoma Unclaimed Property 496 Up form is an important step for businesses and organizations to report unclaimed property. After completing the form, it is essential to submit it along with any necessary documentation to the Oklahoma State Treasurer's Unclaimed Property Division. This process ensures compliance with state laws and helps in the proper management of unclaimed assets.

Obtain the Form: Download the Oklahoma Unclaimed Property 496 Up form from the official Oklahoma State Treasurer’s website.
Fill in Basic Information: Provide the name of your company, state of incorporation, date of incorporation, address, and Federal Employer ID number.
Complete the Verification Section: Indicate the verification period by filling in the dates at the top of the form.
Check the Property Type Codes: Go through the checklist of property types and abandonment periods. Mark “Yes” or “No” for each applicable item.
Indicate Business Activity: Describe the primary business activity of your company in the designated area.
Previous Year Report: Answer whether you filed a report of unclaimed property last year. If no, provide an explanation.
Contact Information: Fill in the holder contact name, telephone number, claim person name, and their telephone number.
Signature and Notary: Sign the form, include your title, and have the document notarized. Ensure the notary public completes their section, including the expiration date of their commission.
Prepare for Submission: Make copies of the completed form and any supporting documents for your records.
Mail the Report: Send the completed form and any checks payable to the Oklahoma State Treasurer, Unclaimed Property Division, at the specified address.