Alabama Statutes

§ 19-3-87 — Unclaimed Funds

Alabama·Title 19 Fiduciaries and Trusts·Ch. 3 Trusts·Art. 4 Fiduciary Funds in Hands of Officials
(a)If at any time it appears to the court, or is made known to the court, that any balance has been in the hands of any officer for a period of five years and the same remains unclaimed, the court may make an order directing the same to be paid into the county treasury, and a separate account shall be kept of all the payments identifying each transaction.
(b)Any person entitled to recover all or part of any unclaimed amount paid into the county treasury may recover the amount, without interest, before the date that is 10 years after the payment was made into the county treasury by obtaining an order from the court that had ordered the payment into the county treasury. The order may be made by the court on summary motion against the judge of probate of the county after five days’ written

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Legislative History

(Acts 1909, No. 133, p. 166; Code 1923, §§10465, 10466; Code 1940, T. 58, §§37, 38; Act 2023-102, §1.)

Nearby Sections

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