58-3951. Advertising of unclaimed property; information required.

228 words·~1 min read·/ks/chapter-58/58-3951

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Within the calendar year next following the year in which unclaimed property has been paid or delivered to the administrator, the administrator shall advertise the unclaimed property in such form as in the discretion of the administrator is likely to attract the attention of the apparent owner of the unclaimed property. It shall contain the following information:

(1)The name of each person appearing to be the owner of property presumed abandoned, as set forth in the report filed by the holder;

(2)the last known address or location of each person appearing to be the owner of property presumed abandoned, if an address or location is set forth in the report filed by the holder;

(3)a statement explaining that property of the owner has been presumed to be abandoned and has been taken into the protective custody of the administrator; and

(4)a statement that information about the abandoned property and its return to the apparent owner can be obtained at any time by a person having a legal or beneficial interest in that property by making an inquiry to the administrator.

(b)The administrator shall not be required to advertise the name and address or location of an owner of abandoned property having a total value less than $100, nor information concerning travelers checks and money orders.