§ 1258 - Destruction or disposition of property having no substantial commercial value; immunity from liability
§ 1258. Destruction or disposition of property having no substantial commercial value; immunity from liability
If the treasurer determines after investigation that property delivered under this chapter 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 or any officer or against the holder for or on account of an act of the treasurer under this section, except for intentional misconduct or malfeasance. (Added 2005, No. 161 (Adj. Sess.), § 1.)