Suit by town for unclaimed property.

If the commissioner shall, for the space for sixty (60) days after the expiration of the year limited for the commissioner€™s accounting to the town treasurer in § 46-10-11, neglect to present his or her inventory and account before mentioned and to pay and deliver the balance due thereon, together with all the property remaining in the commissioner€™s hands, the town treasurer shall cause a suit to be commenced in the treasurer€™s name therefor for the use of the town, and shall prosecute the suit to final judgment and execution.