164 - Disposition of undelivered moneys.

§  164.  Disposition  of  undelivered moneys. Every steamship company,  express  company,  or  other  company,  to  which  moneys  received  for  transmission  are  returned  for  the  reason  that  the  same cannot be  delivered shall forthwith notify  the  transmitter  thereof  by  mailing  written  notice  to such transmitter at his last known address.  If such  money be unclaimed for a period of ninety days after such  notice,  such  company  shall immediately turn over such money to the state comptroller  who shall maintain the same as a capital revolving fund for the  purpose  of  paying  claimants thereof. After such moneys have remained unclaimed  in the hands of the comptroller for five years, the same  shall  escheat  to the state.