After the effectiveness of this act, all the balances belonging to members of the correctional population who have been released and whose whereabouts are unknown, that remain in the bank accounts of the institutions for three (3) years or more after the release of the members of the correctional population without having the corresponding refund made to them, shall be transferred to a special deposit account in the books of the Secretary of the Treasury. The liquidation of said special deposit account shall be made pursuant to Sections 1 and 2 of Act No. 409 of May 13, 1947, as amended.
History —July 22, 1974, No. 116, Part 1, p. 501, § 44; July 18, 2001, No. 60, § 23.