Ala. Admin. Code r. 460-X-13-.04 - Property Held In Temporary Custody By The Commission
(a) Property held in temporary custody for a
definite term by the Commission shall be considered subject to acquisition or
deaccession if, at the end of the specified period of temporary custody, no
assertion of title has been made, and further the Commission has given notice
pursuant to
460-X-13-.05 and after
this notice no assertion of title has been made.
(b) Property held in temporary custody not
for a definite period by the Commission shall be considered subject to
acquisition if at the end of five years from the beginning of temporary
custody, no assertion of title has been made, and further the Commission has
given notice pursuant to
460-X-13-.05 and after
this notice no assertion of title has been made.
Notes
Author: William D. Little, Clyde Eller
Statutory Authority: Code of Ala 1975, ยง 41-9-249(7) a.
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