Except as otherwise provided in this article, or by other statute of this state, property that is presumed abandoned, whether located in this or another state, is subject to the custody of this state if any of the following occur:
(1) The last known address of the apparent owner, as shown on the records of the holder, is in this state.
(2) The records of the holder do not reflect the identity of the person entitled to the property and it is established that the last known address of the person entitled to the property is in this state.
(3) The records of the holder do not reflect the last known address of the apparent owner and it is established that:
a. The last known address of the person entitled to the property is in this state; or
b. The holder is domiciled in this state or is a government or governmental subdivision, agency, or instrumentality of this state and has not previously paid or delivered the property to the state of the last known address of the apparent owner or other person entitled to the property.
(4) The last known address of the apparent owner, as shown on the records of the holder, is in a state that does not provide for the escheat or custodial taking of the property and the holder is domiciled in this state or is a government or governmental subdivision, agency, or instrumentality of this state.
(5) The last known address of the apparent owner, as shown on the records of the holder, is in a foreign country and the holder is domiciled in this state or is a government or governmental subdivision, agency, or instrumentality of this state.
(6) The transaction out of which the property arose occurred in this state, the holder is domiciled in a state that does not provide for the escheat or custodial taking of the property, and the last known address of the apparent owner or other person entitled to the property is unknown or is in a state that does not provide for the escheat or custodial taking of the property.
(7) The property is a traveler's check or money order purchased in this state, or the issuer of the traveler's check or money order has its principal place of business in this state and the issuer's records show that the instrument was purchased in a state that does not provide for the escheat or custodial taking of the property, or do not show the state in which the instrument was purchased.
Structure Code of Alabama
Chapter 12 - Lost or Unclaimed Property.
Article 2 - Uniform Disposition of Unclaimed Property Act.
Article 2A - Uniform Disposition of Unclaimed Property Act of 2004.
Section 35-12-70 - Short Title.
Section 35-12-71 - Definitions.
Section 35-12-72 - Presumption of Abandonment.
Section 35-12-73 - Exemptions.
Section 35-12-74 - Rules for Taking Custody.
Section 35-12-75 - Dormancy Charges.
Section 35-12-76 - Report of Abandoned Property.
Section 35-12-77 - Payment or Delivery of Abandoned Property.
Section 35-12-78 - Notification of Abandoned Property.
Section 35-12-79 - Custody by State; Recovery by Holder; Defense of Holder.
Section 35-12-80 - Public Sale of Abandoned Property.
Section 35-12-81 - Deposit of Funds.
Section 35-12-82 - Claim of Another State to Recover Property.
Section 35-12-83 - Filing and Handling of Claims.
Section 35-12-84 - Filing of a Claim - Intestate and Small Claims.
Section 35-12-85 - Action to Establish a Claim.
Section 35-12-86 - Election to Take Payment or Delivery.
Section 35-12-87 - Disposition of Property Having No Substantial Commercial Value.
Section 35-12-88 - Periods of Limitation.
Section 35-12-89 - Requests for Reports and Examination of Records.
Section 35-12-90 - Retention of Records.
Section 35-12-91 - Interstate Agreements.
Section 35-12-92 - Penalties and Enforcement.
Section 35-12-93 - Agreement to Locate Property.
Section 35-12-94 - Confidentiality; Staff.
Section 35-12-95 - Transitional Provisions.
Section 35-12-96 - Uniformity of Application and Construction.