The commissioner, after receiving reports of property deemed abandoned pursuant to this article, may decline to receive any property reported which he deems to have a value less than the cost of giving notice and holding sale, or he may, if he deems it desirable because of the small sum involved, postpone taking possession until a sufficient sum accumulates. Unless the holder of the property is notified to the contrary within 120 days after filing the report required under Code Section 44-12-214, the commissioner shall be deemed to have elected to receive the custody of the property.
Section: Previous 44-12-212 44-12-213 44-12-214 44-12-215 44-12-216 44-12-217 44-12-218 44-12-219 44-12-220 44-12-221 44-12-222 44-12-223 44-12-224 44-12-225 44-12-226 NextLast modified: October 14, 2016