This text of North Dakota § 47-30.2-28 ((503) Notice by administrator) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
1.The administrator shall give notice to an apparent owner that property is presumed
abandoned and appears to be owned by the apparent owner is held by the
administrator under this chapter.
2.In providing notice under subsection 1, the administrator shall:
a.Except as otherwise provided in subdivision b, send written notice by first-class
United States mail to each apparent owner of property valued at twenty-five
dollars or more held by the administrator, unless the administrator determines
that a mailing by first-class United States mail would not be received by the
apparent owner, and, in the case of a security held in an account for which the
apparent owner had consented to receiving electronic mail from the holder, send
notice by electronic mail if the electronic-mail address of the
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1. The administrator shall give notice to an apparent owner that property is presumed
abandoned and appears to be owned by the apparent owner is held by the
administrator under this chapter.
2. In providing notice under subsection 1, the administrator shall:
a. Except as otherwise provided in subdivision b, send written notice by first-class
United States mail to each apparent owner of property valued at twenty-five
dollars or more held by the administrator, unless the administrator determines
that a mailing by first-class United States mail would not be received by the
apparent owner, and, in the case of a security held in an account for which the
apparent owner had consented to receiving electronic mail from the holder, send
notice by electronic mail if the electronic-mail address of the apparent owner is
known to the administrator instead of by first-class United States mail; or
b. Send the notice to the apparent owner's electronic-mail address if the
administrator does not have a valid United States mail address for an apparent
owner but has an electronic-mail address that the administrator does not know to
be invalid.
3. In addition to the notice under subsection 2, the administrator shall:
a. Publish in the biennial report required under section 54-06-04 and shall include:
(1) The total value of property received by the administrator during the
preceding biennium, taken from the reports under section 47-30.2-21; and
(2) The total value of claims paid by the administrator during the biennium
period; and
b. Maintain a website or database accessible by the public and electronically
searchable which contains the names reported to the administrator of apparent
owners for whom property that meets or exceeds the searchable value as set by
the commissioner is being held by the administrator. Property that does not meet
or exceed the searchable value must continue to be held by the administrator but
may not appear in the searchable website or database.
4. The website or database maintained under subdivision b of subsection 3 must include
instructions for filing with the administrator a claim to property and a printable claim
form with instructions for the form's use.
5. In addition to giving notice under subsection 2, publishing the information under
subdivision a of subsection 3, and maintaining the website or database under
subdivision b of subsection 3, the administrator may use other printed publication,
telecommunication, the internet, or other media to inform the public of the existence of
unclaimed property held by the administrator.