Section 41-6-73 Abandoned property. - Alabama Statutes

Section 41-6-73

Abandoned property.

Any undocumented property that has been held by the department for five years or more and has remained unclaimed shall be deemed to be abandoned. The undocumented property shall become the property of the department if the department has given notice pursuant to Section 41-6-74 and no assertion of title has been filed for the property within 90 days from the date of the second published notice.

(Acts 1992, 2nd Ex. Sess., No. 92-719, p. 220, §5.)