2011 -- S 0725
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
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
notice unclaimed property publication must be entitled " Notice
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
specified in subsection (a) of this section
(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
(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.