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2005 Connecticut Code - Sec. 50-5. Avails to be accounted for. Escheat.
Sec. 50-5. Avails to be accounted for. Escheat. Such person engaged in the express business or as a common carrier shall make an entry on his books of the balance
of the proceeds of such sales, credited to the person to whom such article was directed,
as nearly as can be ascertained, and, at any time within five years thereafter, shall, on
demand, pay such balance to the owner of such article. If such balance is not claimed
by the owner within ten years, it shall be disposed of in accordance with the provisions
of part III of chapter 32.
History: 1961 act changed deadline for claiming balance from five to ten years and specified that after that time balance will be disposed of pursuant to Ch. 32, part III where previously balance simply escheated to state.
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