How does property become Unclaimed Funds?

Ohio Revised Code Section l69 states that property becomes unclaimed when, over a period of years, the owner cannot be located by the holder of the Funds. The time frame varies depending on the property, but in most cases it's five years. The funds are then turned over to the state for safekeeping.

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1. How does property become Unclaimed Funds?
2. How does the Division of Unclaimed Funds locate the owners?
3. Is there a time limit for claiming funds?