TITLE 34
Property

CHAPTER 34-30.1
Manufacturer's Mold Lien

SECTION 34-30.1-3


§ 34-30.1-3 Notice of sale.

(a) Prior to the sale at public auction the molder shall notify the customer by registered mail return receipt requested. The notice shall include the following information:

(1) The molder's intention to sell the die, mold, form or pattern thirty (30) days after the customer's receipt of the notice.

(2) A description of the die, mold, form or pattern to be sold.

(3) The time and place of the sale.

(4) An itemized statement of the amount due.

(b)(1) If there is not a return of the receipt of the mailing or if the postal service returns the notice as being nondeliverable, the molder shall publish notice of the molder's intention to sell the die, mold, form or pattern in a newspaper of general circulation in the city or town of the customer's last known place of business. The notice shall include a description of the die, mold, form or pattern.

(c) If the sale is for a sum greater than the amount of the lien, the excess shall be paid to any prior lienholder of which the molder has actual knowledge at the time of sale and any remainder to the customer, if the customer's address is known, or to the state treasurer for deposit in the general fund if the customer's address is unknown to the molder at the time of the sale.

History of Section.
(P.L. 1998, ch. 265, § 1.)