63.35.065 - Donation of unclaimed personal property to nonprofit charitable organizations.

Donation of unclaimed personal property to nonprofit charitable organizations.

In addition to any other method of disposition of unclaimed property provided under this chapter, the state patrol may donate unclaimed personal property to nonprofit charitable organizations. A nonprofit charitable organization receiving personal property donated under this section must use the property, or its proceeds, to benefit needy persons. Such organization must qualify for tax-exempt status under 26 U.S.C. Sec. 501(c)(3) of the federal internal revenue code.

[2007 c 219 § 2.]