28.1607 Escheat-Deposits of less than fifty dollars.

Cite as [A.S.C.A. § 28.1607]

All unclaimed bank deposits of less than fifty dollars ($50.00) held by any bank as of December thirty-first of any year shall escheat to the Territory. When a report thereof is made to the Treasurer pursuant to the provisions of section 28.1606 the funds must be paid to the Treasurer simultaneously with the making of such report.

History: 1988, PL 20-64.