39.400 - Proceeds belonging to unknown owner must be invested.

39.400  Proceeds belonging to unknown owner must be invested.  When there are proceeds of a sale belonging to an unknown owner, or to a person without the State, who has no legal representative within it, the same shall be invested in securities or placed at interest for the benefit of the persons entitled thereto.

      [1911 CPA § 624; RL § 5566; NCL § 9113]