Section 306. Reimbursement for instruments paid

 Any banking organization
  which has paid to the state comptroller abandoned property held or owing
  for the payment of a negotiable instrument or a certified check may make
  payment to  the  person  entitled  thereto,  upon  presentation  of  the
  instrument   by   such   person,   and  shall  thereby  be  entitled  to
  reimbursement of the amount paid to the comptroller. Such  reimbursement
  shall  be  made by the comptroller after audit of a claim of the banking
  organization.