70-9-302. Notice of property presumed abandoned -- publication. (1) The department shall publish notice of property presumed abandoned not later than March 1 after the report required by 70-9-301 is due or, in the case of property reported by life insurance corporations, banking and financial organizations, and cooperatives, August 1 of the year the report is due. The notice must be published at least once a week for 2 consecutive weeks in a newspaper of general circulation in the county in this state in which the last-known address of any person to be named in the notice is located. If an address is not listed or the address is outside the state, the notice must be published in the county in which the holder of the property has its principal place of business within this state.
(2) The published notice must be entitled "Notice of Names of Persons Appearing to Be Owners of Abandoned Property" and must contain:
(a) the names, in alphabetical order, and last-known addresses, if any, of persons listed in the report and entitled to notice within the county;
(b) a statement that information concerning the amount or description of the property may be obtained by a person possessing an interest in the property by addressing an inquiry to the department; and
(c) a statement that if proof of claim is presented by the owner and if the owner's right to receive the property is established to the department's satisfaction, the property will be returned to the owner.
(3) The department is not required to publish in the notice any item of less than $100 unless the department considers publication to be in the public interest.
(4) This section is not applicable to sums payable on travelers' checks or money orders presumed abandoned under 70-9-201.
History: En. Sec. 12, Ch. 244, L. 1963; amd. Sec. 3, Ch. 226, L. 1967; amd. Sec. 2, Ch. 216, L. 1971; amd. Sec. 25, Ch. 391, L. 1973; R.C.M. 1947, 67-2212; amd. Sec. 4, Ch. 115, L. 1979; amd. Sec. 4, Ch. 575, L. 1979; amd. Sec. 7, Ch. 269, L. 1983; amd. Sec. 3, Ch. 654, L. 1991.
