Q Must a court enter an order releasing funds held within the registry of a court for five (5) years if the last known owner does not claim the property within that time period?

A Property held within the registry of a court for five (5) years is presumed abandoned and subject to The Uniform Disposition of Unclaimed Property Act. If it is determined the funds are subject to the Act, an order directing the funds accordingly is appropriate in this instance and may be required. (Attorney Generalís Opinion to Bradley, August 7, 2015)