Chapter 281

2011 -- S 0725

Enacted 07/12/11

A N A C T

RELATING TO PROBATE PRACTICE AND PROCEDURE - UNCLAIMED INTANGIBLE AND TANGIBLE PROPERTY

Introduced By: Senator Frank A. Ciccone

Date Introduced: March 23, 2011

It is enacted by the General Assembly as follows:

SECTION 1. Section 33-21.1-18 of the General Laws in Chapter 33-21.1 entitled

"Unclaimed Intangible and Tangible Property" is hereby amended to read as follows:

33-21.1-18. Notice and publication of lists of abandoned property. -- (a) The

administrator shall cause a notice to be published place an advertisement, twice a year, one not

later than March 1 and one not later than October 15, at least once a week for two (2) consecutive

weeks in a newspaper or combination of newspapers of general circulation that reach each county

in the state. in the county of this state in which is located the last known address of any person to

be named in the notice. If no address is listed or the address is outside this 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. The advertisement shall: (1) Not exceed one quarter (1/4) of a newspaper page;

and (2) List a phone number citizens can call to request a written copy of the unclaimed property

publication; and (3) List a website that provides the information contained in the unclaimed

property publication.

      (b) The published notice unclaimed property publication must be entitled "Notice of

Names of Persons Appearing to be Owners of Abandoned Property" and contain:

      (1) The names in alphabetical order and last known address, if any, of persons listed in

the report and entitled to notice within the county as specified in subsection (a) of this section

state;

      (2) A statement that information concerning the property and the name and last known

address of the holder may be obtained by any person possessing an interest in the property by

addressing an inquiry to the administrator; and

      (3) A statement that if proof of claim is not presented by the owner to the holder and the

owner's right to receive the property is not established to the holder's satisfaction the property will

be placed in the custody of the administrator and all further claims must thereafter be directed to

the administrator.

      (c) The administrator is not required to publish in the notice unclaimed property

publication any items of less than fifty dollars ($50.00) unless the administrator considers their

publication to be in the public interest.

      (d) This section is not applicable to sums payable on travelers checks, money orders, and

other written instruments presumed abandoned under section 33-21.1-4.

SECTION 2. This act shall take effect upon passage.

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LC01642

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