Nebraska State Treasurer's Office FEIN:
When possible, stock and mutual fund shares are required to be transferred into our Wells Fargo account:
If the shares cannot be deposited into the Wells Fargo account holders should register shares to:
Worthless security is defined as a security whose cost of liquidation and delivery would exceed the value of the security on the date a report is due under the Nebraska Unclaimed Property Act.
Nebraska will no longer accept worthless securities pursuant to Nebraska Revised Statute 69-1321. Do not report worthless securities on your NAUPA file or transfer them to the State Treasurer’s Office account. Instead, provide a separate listing of the security name, CUSIP, symbol, and the number of shares with your annual remittance.
Holder should maintain these accounts and if a security gains value, it should be reported and remitted during the next reporting cycle.
If securities are non-transferable but have value, they should be moved to an account on the books of the broker/agent registered to: Nebraska State Treasurer’s Office, Unclaimed Property Division;
EIN 47-0491233. The same account should be used year after year; do not open multiple accounts in the State’s name.
An account statement should be included with the electronic report containing non-transferable securities. Until an account statement is received listing that the State holds the shares, the report cannot be reconciled which may result in the delay of claims payments to all owners listed on the report.
If you have questions on transferring shares to the state of Nebraska contact our custodian, Wells Fargo Advisors.
Tim Johnson 916-491-6361
Use the following Excel spreadsheet templates to remit securities: