Statutes > Washington Statutes > Title 63 - Personal property > 63.48 - Escheat of postal savings system accounts. > 63.48.060 - Indemnification for losses as result of escheat proceedings -- Source.

63.48.060 - Indemnification for losses as result of escheat proceedings -- Source.

Indemnification for losses as result of escheat proceedings — Source.

This state shall indemnify the United States for any losses suffered as a result of the escheat of unclaimed postal savings system accounts. The burden of the indemnification falls upon the fund into which the proceeds of the escheated accounts have been paid.

[1971 ex.s. c 68 § 6.]