Ala. Admin. Code r. 892-2-1-.08 - Claim Process
(1) The
Treasurer's Office, in its sole discretion, shall determine if the Claimant has
established his or her entitlement to the Abandoned Property by a preponderance
of the evidence.
(2) The aggregate
Abandoned Property value must not exceed $3,000 to be eligible to be claimed by
an apparent heir of an intestate claim by affidavit.
(3) The aggregate Abandoned Property value
must not exceed $300 to be eligible to be claimed by the Apparent Owner without
proof of address.
(4) Payment to
estates of decedents shall be made payable to the estate of the
decedent/reported owner. Small estate claims may be payable to the Claimant if
all required documentation is presented.
(5) A garnishment/levy proceeding against the
State Treasury is barred by sovereign immunity. A garnishment is a suit against
the state and a result favorable to plaintiff would directly affect a contract
or property right of the state. No claims will be paid as a result of
garnishment/levy proceedings.
Notes
Author: Ralph Ainsworth, Unclaimed Property Division, Office of State Treasurer
Statutory Authority: Code of Ala. 1975, ยง 35-12-20, et seq.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.