Section 35-12-87 Disposition of property having no substantial commercial value. - Alabama Statutes

Section 35-12-87

Disposition of property having no substantial commercial value.

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.

(Act 2004-440, p. 755, §1.)