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28.1604 Presumption of no claimants-Escheat.

Cite as [A.S.C.A. § 28.1604]

It shall be presumed that there is or are no claimant or claimants who or which directly or indirectly has or have any right, title or interest in any unclaimed bank deposit held by a bank, and such unclaimed bank deposit shall be subject to escheat to the Territory.

History: 1988, PL 20-64.