§ 5614. Excess balance from sale.
132 words·~1 min read·
/pa/title-12/chapter-56/5614A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5614. Excess balance from sale.
In the event of a sale under this chapter, the owner may satisfy the lien from the proceeds of the sale, but shall hold the balance, if any, for delivery on demand to the occupant. If the occupant does not claim the balance of the proceeds within six months of the date of the sale, the balance shall be deemed to be abandoned and unclaimed property subject to the custody and control of the occupant under Article XIII.1 of the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, and the owner shall report and pay the balance to the State Treasurer. The State Treasurer shall receive, hold and dispose of the balance in accordance with Article XIII.1 of The Fiscal Code.
12c5615s