Except as otherwise provided by section 17 (relating to periods of limitation) of the act of August 9, 1971 (P.L.286, No.74), known as the "Disposition of Abandoned and Unclaimed Property Act," an action for escheat, or for payment into the State Treasury without escheat, must be commenced within 15 years after the property sought in such action shall have first escheated or become escheatable or payable into the State Treasury under any statute.
References in Text. The act of August 9, 1971, P.L.286, No.74, known as the Disposition of Abandoned and Unclaimed Property Act, referred to in this section, was repealed by the act of December 9, 1982, P.L.1057, No.248. The subject matter is now contained in Article XIII.1 of the act of April 9, 1929, P.L.343, No.176, known as The Fiscal Code.