34-12-15.10. Escheat of unclaimed funds of deceased resident--Notice and transfer to state.
95 words·~1 min read·
/sd/title-34/chapter-34-12/34-12-15-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If, upon the death of a resident and after notification to any known guardian, conservator, or relatives of property belonging to the resident, not exceeding two hundred dollars in value, the property remains unclaimed for sixty days, such property shall escheat directly to the state notwithstanding chapter 21-36 . The home or other facility shall notify the office of surplus property of such unclaimed property. However, all money, stocks, bonds, contracts, and claims on banks which can readily be converted to money shall be sent to the state treasurer for deposit in the general fund.