(1) A licensee may sell at public sale all property other than money presumed to be abandoned after the expiration of 60 days from the later date of publication or mailing required by section 29 (3) following such advertisement of the sale as approved by the Authority.
(2) A purchaser shall receive title to the property free from all claims of the owner or prior holder and from all persons claiming through or under him or her.
(3) A licensee shall deposit with the Authority the proceeds of the sale of property in accordance with subsection (1) less all reasonable costs incurred by the licensee in connection with the sale, mailing of notices, and service as the licensee may deem appropriate to assure the prompt payment of claims which may subsequently be made and approved by the Minister.
(4) Any property remaining unsold shall be delivered to the Authority and shall be disposed of by the Authority in such manner as the Minister may direct.