§ 34-24-129 — Destruction or disposition of property having insubstantial commercial value; immunity from liability

If the administrator determines after investigation that any
property delivered under this act has insubstantial commercial
value, the administrator may destroy or otherwise dispose of the
property after five (5) years in accordance with rules and
regulations promulgated by the administrator. No action or
proceeding may be maintained against the state or any officer or
against the holder for or on account of any action taken by the
administrator pursuant to this section. The administrator shall
keep a public record of all such property, identifying the
property and the date and nature of the disposition.