(1) Any safe deposit boxes the contents of which have not been withdrawn before a date specified by the liquidator shall be opened by the liquidator and their contents and any unclaimed property held by the licensee as bailee, together with inventories pertaining thereto, shall be deposited by the liquidator to the Accountant General and appropriate arrangement will be made for its safekeeping for 15 years, unless claimed by the owner before the expiration of that period.
(2) On the expiration of the time specified in subsection (1) all funds and property not claimed shall be presumed to be abandoned for the purposes of Part 6.