Nairobi, Kenya
In the event that an owner of a property does not take any action during certain duration by law, to indicate his/her ownership, interest, or awareness, that property will be regarded as unclaimed. As a result of such developments, it then comes a responsibility of the holding institution to report it to the proper state agency. The modern rationale for such arrangement is that the state can best preserve and protect the interest of the rightful owner and possibly reunite the owner with his/her property.
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