Alabama § 35-12-87 Disposition of Property Having No Substantial Commercial Value

Alabama Statutes

§ 35-12-87 — Disposition of Property Having No Substantial Commercial Value

Alabama § 35-12-87

Title 35Property

Ch. 12Lost or Unclaimed Property

Art. 2AUniform Disposition of Unclaimed Property Act of 2004

This text of Alabama § 35-12-87 (Disposition of Property Having No Substantial Commercial Value) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 35-12-87 (2026).

Text

If the Treasurer determines after investigation that property delivered under this article has no substantial commercial value, the Treasurer may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state, the Treasurer, or the holder for or on account of an act of the Treasurer under this section, except for intentional misconduct of malfeasance.

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If the Treasurer determines after investigation that property delivered under this article has no substantial commercial value, the Treasurer may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state, the Treasurer, or the holder for or on account of an act of the Treasurer under this section, except for intentional misconduct of malfeasance.