§34-2-3. Decree of title to state.
If, in such a suit as is mentioned in section one of this
article, no person appears to show title in himself, the court
shall decree the residuum or other property to the state, and
enforce the collection thereof, or of the proceeds of the sale of
such property. Any real property so decreed to the state shall be
remitted to the state auditor. Any personal property shall be
remitted to the state treasurer for disposition by public sale in
accordance with the provisions of section twelve, article eight,
chapter thirty-six of this code. The proceeds of the sale of any
such real property shall be deposited to the credit of the general
school fund. The proceeds of the sale of any such personal
property shall be deposited to the credit of the general fund.