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.
Structure West Virginia Code
Chapter 36. Estates and Property
Article 8. Uniform Unclaimed Property Act
§36-8-2. Presumptions of Abandonment
§36-8-2a. Escheat of United States Savings Bonds
§36-8-3. Contents of Safe Deposit Box or Other Safekeeping Depository
§36-8-4. Rules for Taking Custody
§36-8-6. Burden of Proof as to Property Evidenced by Record of Check or Draft
§36-8-7. Report of Abandoned Property
§36-8-8. Payment or Delivery of Abandoned Property
§36-8-9. Notice and Publication of Lists of Abandoned Property
§36-8-10. Custody by State; Recovery by Holder; Defense of Holder
§36-8-11. Crediting of Dividends, Interest and Increments to Owner's Account
§36-8-12. Public Sale of Abandoned Property
§36-8-14. Claim of Another State to Recover Property
§36-8-15. Filing Claim With Administrator; Handling of Claims by Administrator
§36-8-16. Action to Establish Claim
§36-8-17. Election to Take Payment or Delivery
§36-8-18. Destruction or Disposition of Property Having No
§36-8-19. Periods of Limitation
§36-8-20. Requests for Reports and Examination of Records
§36-8-21. Retention of Records
§36-8-23. Interstate Agreements and Cooperation; Joint and Reciprocal Actions With Other States
§36-8-24. Interest and Penalties
§36-8-25. Records of Abandoned Property
§36-8-26. Foreign Transactions
§36-8-27. Transitional Provisions