43.80.160 - Return of funds remitted to redeem bonds and coupons which remain unredeemed. - Washington Statutes

Return of funds remitted to redeem bonds and coupons which remain unredeemed.

Upon the written request of the state or local treasurer, after a period of one year after the last legal payment date on matured bonds of the state of Washington and of its subdivisions, the funds remitted to fiscal agencies to redeem coupons and bonds which are subsequently unredeemed by the holders of the bonds and coupons, shall herewith be returned to the state treasurer or the local treasurer as the case may be. The state or local treasurer shall remain obligated for the final redemption of the unredeemed bonds or coupons.

[1969 ex.s. c 80 § 7.]