Authority to decline receipt of property; delivery of property
before presumption of abandonment
Sec. 39. (a) The attorney general may decline to receive property
reported under this chapter if the attorney general considers the
property to have a value less than the expenses of the notice and the
sale of the property.
(b) A holder, with the written consent of the attorney general and
upon conditions and terms prescribed by the attorney general, may
report and deliver property before the property is presumed
abandoned. Property delivered to the attorney general under this
subsection must be held in the property custody fund established
under section 32 of this chapter, and the property is not presumed
abandoned until the property otherwise would be presumed
abandoned under this chapter.
As added by P.L.2-2002, SEC.19.
Last modified: May 24, 2006