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·Title 35 Property·Ch. 12 Lost or Unclaimed Property·Art. 2A Uniform Disposition of Unclaimed Property Act of 2004

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.

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