The contents of safe deposit boxes or other safekeeping depositories are considered abandoned when they remain unclaimed by the owner for more than three years after the lease or rental period on the box has expired.

The contents are required to be turned over to the State where they are held for two more years.

• When the second year has passed, a notice of sale is published and items of value are then sold at public auction.
• The proceeds from the sale are held in perpetuity for the owner, as are all other types of property.
• Other items that the State deems to have inconsequential value are disposed of in an appropriate manner.