447.561. Destruction or disposal of property by treasurer if of no value — no liability for state or holder. — If the treasurer determines after investigation that any property delivered under the provisions of sections 447.500 to 447.595 has insubstantial commercial value, the treasurer may destroy or otherwise dispose of the property at any time. No action or proceeding may be maintained against this state or any of its officers or against the holder of any property for or on account of any action taken by the treasurer pursuant to the provisions of this section.
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(L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
---- end of effective 01 Jul 1994 ----
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