§ 17-305. When property presumed abandoned -- Personal property distributable on forfeiture of charter or voluntary dissolution of business association

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All tangible or intangible personal property distributable on forfeiture of the charter or voluntary dissolution of a business association, banking organization, or financial organization organized under the laws of this State, that is unclaimed by the owner 60 days after the date of final distribution, is presumed abandoned.

HISTORY: An. Code 1957, art. 95C, § 6; 1975, ch. 49, § 3; 1976, ch. 387, § 2; 1981, ch. 752.

                    
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