Period of time for submission of claims
Arkansas Code § 26-37-205; Acts 1987, No. 814, § 6
(a) The excess proceeds are held:
- (1) For a period of two (2) years; or
- (2) As determined by the requirements of the law at the time the parcel was sold.
- (b) If the excess proceeds are not distributed during the time period pertaining to the specific parcel, they shall escheat by operation of law to the county where the tax-delinquent parcel sold is located.
(c) Funds held by the Commissioner of State Lands past the date required to escheat to the county by statute:
- (1) Belong to the county; and
- (2) Are not subject to recovery by the former owner or anyone else.