TITLE 14

ESTATES OF DECEDENTS

CHAPTER 5

REVISED UNCLAIMED PROPERTY ACT

PART 5

NOTICE TO APPARENT OWNER OF PROPERTY PRESUMED ABANDONED

14-5-503.  NOTICE BY ADMINISTRATOR. (1) The administrator shall give notice to an apparent owner that property presumed abandoned and appearing to be owned by the apparent owner is held by the administrator under this chapter.

(2)  In providing notice under subsection (1) of this section, the administrator shall:

(a)  Publish every three (3) months in at least one (1) newspaper of general circulation in each county in this state notice of property held by the administrator that must include:

(i)   The internet web address of the unclaimed property website maintained by the administrator;

(ii)  A telephone number and electronic mail address to contact the administrator to inquire about or claim property; and

(iii) A statement that a person may access the internet by a computer to search for unclaimed property and that a computer may be available as a service to the public at a local public library; and

(b)  Maintain a website or database accessible by the public and electronically searchable that contains the names reported to the administrator of all apparent owners for whom property is being held by the administrator. The website or database maintained under this subsection must include instructions for filing with the administrator a claim to property.

(3)  In addition to giving the notice described under subsection (2) of this section, the administrator may use other printed publications, telecommunications, the internet, or other media to inform the public of the existence of unclaimed property held by the administrator.

(4)  The administrator may undertake other public outreach efforts to:

(a)  Inform owners of abandoned property of the location and process for retrieving such property, including participation in public events, placement of media advertisements, and publication and distribution of brochures or flyers; and

(b)  Educate holders of property on the requirements of this chapter.

History:

[14-5-503, added 2024, ch. 27, sec. 2, p. 198.]