Louisiana § 9:161 Notice and publication of lists of abandoned property

Louisiana Statutes

§ 9:161 — Notice and publication of lists of abandoned property

Louisiana·Title 9 Civil Code-Ancillaries

§161. Notice and publication of lists of abandoned property

A.The administrator shall cause a notice to be published not later than November thirtieth of the year following the year in which abandoned property has been paid or delivered to the administrator. The notice shall be published in a newspaper of general circulation in the parish of this state in which is located the last known address of any person named in the notice. If a holder does not report an address for the apparent owner, or the address is outside this state, the notice shall be published in the parish in which the holder has its principal place of business within this state or another parish that the administrator reasonably selects. The advertisement shall be in a form that, in the judgment of the administrator, is li

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§161. Notice and publication of lists of abandoned property
A. The administrator shall cause a notice to be published not later than November
thirtieth of the year following the year in which abandoned property has been paid or
delivered to the administrator. The notice shall be published in a newspaper of general
circulation in the parish of this state in which is located the last known address of any person
named in the notice. If a holder does not report an address for the apparent owner, or the
address is outside this state, the notice shall be published in the parish in which the holder
has its principal place of business within this state or another parish that the administrator
reasonably selects. The advertisement shall be in a form that, in the judgment of the
administrator, is likely to attract the attention of the apparent owner of the unclaimed
property. The form shall contain the following information:
(1) The name of each person appearing to be the owner of the property, 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
the property, if an address or location is set forth in the report filed by the holder.
(3) A statement explaining that property of the owner is presumed to be abandoned
and has been taken into the protective custody of the administrator.
(4) A statement that information about the property and its return to the owner is
available to a person having a legal or beneficial interest in the property, upon request to the
administrator.
B. The administrator is not required to advertise the name and address or location
of an owner of property having a total value less than one hundred dollars, or information
concerning a traveler's check, money order, or similar written instrument.
C. The administrator shall, not less than thirty days prior to any notice of unclaimed
property being published in any newspaper, mail each legislator a list of the names and
addresses of all unclaimed property owners by parish of last known residence for the parishes
in the legislator's district and the amount of property unclaimed. The administrator shall not
send any written communication to any unclaimed property owner until thirty days following
the notice required by this Subsection.

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Legislative History

Acts 1986, No. 829, §1, eff. July 10, 1986; Acts 1997, No. 809, §1, eff. July 10, 1997; Acts 2000, 1st Ex. Sess., No. 135, §5, eff. July 1, 2000; Acts 2020, No. 156, §1.