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Can you summarize 35 ALCA Chapter 12?
PROPERTY. > LOST OR UNCLAIMED PROPERTY.
Short Summary
The provided legal document governs the disposition of unclaimed articles left for service. It applies to any person who is regularly engaged in the business of performing services upon articles left in their custody for that purpose. The document allows the person to make disposition of the articles in any manner they see fit after providing notice to the owner 10 days prior to the disposition. The notice can be made by letter, advertisement in a local newspaper, or posting at the courthouse. The person will not incur any liability to owners if the articles have been unclaimed after certain periods of time. The specific retention periods are as follows: (1) Automobiles, trucks, tractors, motorcycles, bicycles, agricultural or construction machinery, lawn mowers, bush hogs, or any other vehicular equipment must be retained for at least one year. (2) Laundry, dry cleaning, or clothing of any type must be retained for at least one year. (3) Televisions, radios, irons, kitchen appliances, and all other appliances must be retained for at least three months. (4) All other articles not mentioned must be retained for at least six months. The provided legal document content pertains to the Uniform Disposition of Unclaimed Property Act in the Code of Alabama. This act governs the handling and disposition of lost or unclaimed property. It was repealed by Act 2004-440, effective May 12, 2004. The document does not specify any exemptions or penalties associated with the act. Therefore, it applies to all entities holding unclaimed property. The main purpose of the act is to provide a framework for the proper handling and disposition of unclaimed property in Alabama.
Whom does it apply to?
Any person who is regularly engaged in the business of performing services upon articles left in their custody for that purpose
What does it govern?
The disposition of unclaimed articles left for service
What are exemptions?
No exemptions are mentioned
What are the Penalties?
No penalties are mentioned
Jurisdiction
Alabama