CHAPTER 36. ESTATES AND PROPERTY.

ARTICLE 8. UNIFORM UNCLAIMED PROPERTY ACT.

§36-8-18. Destruction or disposition of property having no

substantial commercial value; immunity from

liability.

If the administrator determines after investigation that property delivered under this article has no substantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state or any officer or against the holder for or on account of an act of the administrator under this section, except for intentional misconduct or malfeasance.

Bill History For §36-8-18

1992 Regular Session
House Bill 4755
1990 Regular Session
House Bill 4722
1966 Regular Session
House Bill 205