(a) The Treasurer may decline to receive property reported under this article which the Treasurer considers to have a value less than the expenses of notice and sale.
(b) A holder, with the written consent of the Treasurer and upon conditions and terms prescribed by the Treasurer, may report and deliver property before the property is presumed abandoned. A holder exempt from reporting, upon conditions and terms prescribed by the Treasurer, may voluntarily report. Property delivered under this section is deemed abandoned upon receipt by the Treasurer and shall be handled in the same manner as other abandoned property under this article.
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.