(Raleigh, N.C.) – One Buncombe County higher learning institution is getting a surprise check. The state treasurer presented Montreat College with $766 of missing money Thursday, distrubuted from the Department’s Unclaimed Property Division (UPD), which is the repository for 17.7 million properties awaiting return to the rightful owners after being lost, misdirected or overlooked. The unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds and contents of safe deposit boxes that have been abandoned.
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