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.
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