District of Columbia  |  Investment Law

Legal Question

Asked on: 1/04/05, 7:52 am

Oil Royalties as Unclaimed Property

My deceased mother had bought oil shares when I was--name removed--child in my name. The funds were supposed to be sent to the her bank. The bank is now defunct. Years before her death, she tried to claim the money and was turned away and told the bank was out of business (which is true). I discarded her browned banking receipts not knowing about the royalties or her attempt to get the funds, when I cleaned her estate upon her death. The funds from the bank in my name were turned over to DC Unclaimed Property. Three things are required for me to collect: copy of license, social security card, and the discarded banking info or oil accounts. I do not have the info or account info anymore. Is there anything I can do?

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