Section 47-30.2-28 - (503) Notice by administrator1. 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; andb. 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.Added by S.L. 2021, ch. 337 (SB 2048),§ 17, eff. 7/1/2021.