70-9-304. Relief from liability by payment or delivery to department. (1) Upon the payment or delivery of abandoned property to the department of revenue, the state shall assume custody and shall be responsible for the safekeeping thereof.
     (2) Any person who pays or delivers abandoned property to the department under parts 1 through 3 is relieved of all liability to the extent of the value of the property so paid or delivered for any claim which then exists or which thereafter may arise or be made in respect to the property.
     (3) Any person who delivers duplicate stock or other duplicate certificates of ownership to the department under parts 1 through 3 is relieved of all liability for any claim which then exists or which thereafter may arise or be made in respect to the property, including but not limited to a claim by a person attempting to redeem the original certificate.

     History: En. Sec. 14, Ch. 244, L. 1963; amd. Sec. 4, Ch. 216, L. 1971; amd. Sec. 27, Ch. 391, L. 1973; R.C.M. 1947, 67-2214(part); amd. Sec. 5, Ch. 575, L. 1979.