Escheat in Alabama

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Overview

Sources

Ala. Code ?? 35-12-70 et seq.

Recipient Office

State of Alabama Treasurer's office

Reporting

  • Time Period: 3
  • Due Diligence Amount: 50
  • Due Diligence Dates: Not less than 60 days prior to report
  • Aggregate Amount: 49.99
  • Report Period: 7/1 - 6/30
  • Report Due Date: 11/1
  • Negative Reporting: No

Dormancy Fee

Only if there is a valid and enforceable contract with the owner under which the holder may impose the charge and the holder regularly imposes the charge. Amount limited to amount that is not unconscionable.

Web Site

https://alabama.findyourunclaimedproperty.com

Cross-References