If a person appears and claims any of the proceeds from the sale of escheated property as an heir or devisee, or as the owner who was absent for five years, he may file a claim to the proceeds with the department of revenue on a form prescribed by the department. A person has seven years from the time of sale of the escheated property to file a claim with the department of revenue for the proceeds.
A.R.S. § 12-886