If the Treasurer determines after investigation that property delivered under this article has no substantial commercial value, the Treasurer may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state, the Treasurer, or the holder for or on account of an act of the Treasurer under this section, except for intentional misconduct of malfeasance.
Ala. Code § 35-12-87
Disposition of Property Having No Substantial Commercial Value.
Known as the Uniform Disposition of Unclaimed Property Act
The act spans §§ 35-12-70 to 35-12-96 (27 sections).
(Act 2004-440, p. 755, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.