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§58-693.


§58-693.
   
   A. Whenever a final account and order of distribution shall direct the
   payment of monies to a minor, and no person shall within ninety (90)
   days thereafter become the legal and qualified guardian for the minor,
   so that the executor or administrator may be discharged, the court may
   direct the executor or administrator to prepare an order directing the
   county treasurer to make the deposit of funds in a specified
   institution and for a specified term. Upon receipt of the order, the
   court clerk shall make a temporary deposit in the case, and forward
   the court's order to the county treasurer for deposit of the funds in
   a specified institution for a specified term, with the same effect as
   though taken from a legally-qualified guardian of the minor; and the
   treasurer shall hold the monies in trust for the minor until a
   guardian shall be appointed and call for the same, or until the minor
   shall become of age and demand the same; provided, that all the monies
   in the hands of the treasurer at the expiration of the treasurer's
   term of office must be turned over to the successor in office.
   
   B. Whenever a final account and order of distribution shall direct the
   payment of monies to a legatee, heir, creditor, or claimant, whose
   address or whereabouts is not known, or who will not accept and
   receipt for said monies within ninety (90) days thereafter, so that
   the executor or administrator may be discharged, the court may direct
   the executor or administrator to prepare an order directing the county
   treasurer to make the deposit of funds in a specified institution and
   for a specified term. Upon receipt of the order, the court clerk shall
   make a temporary deposit in the case, and forward the court's order to
   the county treasurer for deposit of the funds in a specified
   institution for a specified term, with the same effect as though taken
   from the person; and the treasurer shall hold the monies in trust for
   the person until a legal or personal representative shall demand and
   accept the same; provided, that all such monies in the hands of the
   treasurer at the expiration of the treasurer's term of office must be
   turned over to the successor in office.
   
   C. In the event no person qualified to receive money deposited with
   the court clerk makes demand therefor within thirty (30) days after
   receipt by the court clerk and the deposit is in excess of One Hundred
   Dollars ($100.00), the court clerk is authorized and directed to
   invest such funds in one or more savings accounts or certificates of
   deposit in a bank or savings and loan association whose deposits are
   insured by an agency of the federal government. When the person
   legally entitled thereto makes request upon the court clerk, the
   account or fund, together with all accumulations , shall be paid over
   to the person legally entitled thereto upon the court clerk taking a
   receipt in full for such payment, which receipt shall be filed in and
   become a part of the records of the case.
   
   D. Whenever a final account and order of distribution based thereon
   shall direct the payment of monies to an heir or legatee who has died
   during the pendency of the probate proceedings, and no person shall
   within ninety (90) days thereafter become the legal and qualified
   personal representative of the deceased heir or legatee, so that the
   executor or administrator may be discharged, the court may make an
   order directing the executor or administrator to deposit such money in
   the hands of the court clerk, taking a receipt therefor, with the same
   effect as though taken from a legally-qualified personal
   representative of the heir or legatee; and the clerk shall hold such
   monies in trust until a personal representative shall demand and
   accept the same; provided, that all such monies in the hands of the
   court clerk at the expiration of the court clerk's term of office must
   be turned over to the successor in office.
   

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