Overview: Unclaimed Property (Outstanding Checks)

On this page:


Unclaimed Property Defined

Unclaimed property is a term used for outstanding checks, including checks issued by the University that have not been cashed by the payee, e.g. payroll checks, checks issued to vendors, payments to human subjects, reimbursement checks, etc.

back to top

State Law Regarding Unclaimed Property

The State of California, and all other states, requires that unclaimed property be turned over to the state if property remains unclaimed for three years. For payroll checks, the requirement is to turn over the property after one year.

back to top

Stanford's Responsibility

Annually, Stanford assesses whether any checks issued remain unclaimed, i.e. they have not been cashed. This information, along the funds, is submitted to the state per state law.

back to top

Stanford Employee's Responsibility

If you are aware of any unclaimed property (outstanding checks), please contact the Financial Support Center (3-2772).

back to top