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This entry was published on 2014-09-22
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SECTION 1000
Unclaimed condemnation awards
Abandoned Property (ABP) CHAPTER 1, ARTICLE 10
§ 1000. Unclaimed condemnation awards. 1. (a) Any moneys held or owing
for the payment of an award made by a court in any condemnation
proceeding and payable by a public corporation or other corporation
possessing powers of condemnation, which shall have remained unclaimed
by the person or persons appearing to be entitled thereto for three
years after confirmation by the court, together with any interest due
thereon, less, when an award is payable by a public corporation, any
amount due such public corporation at the time of title vesting for tax,
water or any other liens on the same parcel the award was for, with any
interest due thereon, and any amount due such public corporation at the
time of title vesting or at the time of confirmation, whichever is
later, for an assessment on the same parcel the award was for, with any
interest due thereon, shall be deemed abandoned property. In any
condemnation proceedings in which the court shall have not made an
award, any moneys paid into court, including interest thereon, shall be
subject to the provisions of article six of this chapter and this
section shall have no application thereto.

(b) The issuance of a warrant for such an award shall not prevent an
award from being deemed abandoned property if such warrant is unclaimed
three years after confirmation of such award by the court.

2. Any such abandoned property held or owing by such a corporation to
which the right to receive the same is established to the satisfaction
of such corporation shall cease to be deemed abandoned.