§ 60-704. Notice to depositors.  


Latest version.
  • The Attorney General shall notify depositors whose accounts are to be escheated as follows:

    1.  A letter advising that a Postal Savings System account in the  name of the addressee is about to be escheated and setting forth the  procedure by which a deposit may be claimed shall be mailed by first  class mail to the named depositor at the last address shown on the  account records for each account to be escheated having an unpaid  principal balance of more than Twenty-five Dollars ($25.00).

    2.  A general notice of intention to escheat Postal Savings System accounts shall be published once in each of three (3) successive weeks in a legal newspaper of general circulation in the county in this state in which is located the last address shown on the account records for each account to be escheated having an unpaid  principal balance of more than Twenty-five Dollars ($25.00).  3.  A special notice of intention to escheat the unclaimed Postal  Savings System accounts originally deposited in each post office must  be published once in each of three (3) successive weeks in a legal  newspaper of general circulation in the county in which the post  office is located.  This notice must list the names of the owners of  each unclaimed account to be escheated having a principal balance of Three Dollars ($3.00) or more.

Laws 1971, c. 41, § 4, emerg. eff. March 25, 1971.