72 Pa. Stat. § 1301.12

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 1301.12 - Notice and publication of lists of property subject to custody and control of the Commonwealth under this article
(a) Within twelve (12) months from the filing of the report required by section 1301.11, the state treasurer shall cause notice to be published at least once in a legal newspaper as well as an english language newspaper of general circulation in the county in which the owner of the property had a last known address appearing from the verified report filed by the holder or, if there is no name or address or the owner is not a Pennsylvania resident, then at least one time in the Pennsylvania bulletin. Notice shall also be posted on the internet website of the treasury department.
(b) The published notice shall be entitled "Notice of names of persons appearing to be owners of abandoned and unclaimed property," and shall contain:
1. The names of persons listed in the report and entitled to notice within the county as hereinbefore specified and the name and address of the holder;
2. A statement that information concerning the amount or description of the property and the name and address of the holder may be obtained by any persons possessing an interest in the property by addressing an inquiry to the holder;
3. A statement that a proof of claim should be presented by the owner to the holder within three (3) months from the date of the published notice, and that thereafter claims should be filed with the state treasurer.
(c) The state treasurer is not required to include in such notice published in an english language newspaper of general circulation any item of less than two hundred fifty dollars ($250) or to include in such notice published in a legal newspaper any item of less than two hundred fifty dollars ($250), unless the state treasurer, in either instance, deems such publication to be in the public interest.
(d) Within nine (9) months from the receipt of the report required by section 1301.11, the state treasurer shall mail a notice to each person having an address listed who appears to be entitled to property of the value of two hundred fifty dollars ($250) or more subject to custody and control of the commonwealth under this article. The mailed notice shall contain:
1. A statement that, according to a report filed with the state treasurer, property is being held to which the addressee appears entitled;
2. The name and address of the holder of the property and any necessary information regarding changes of name and address of the holder;
3. A statement that, if satisfactory proof of claim is not presented by the owner to the holder by the date specified in the published notice, claims should thereafter be filed with the state treasurer.
(e) This section is not applicable to sums payable on travelers checks and money orders or to property reported to be without a rightful or lawful owner.
(f) Compliance with the publication requirements of this section shall be based on the best available commercial rates and subject to available appropriations.

72 P.S. § 1301.12

Amended by P.L. 664 2016 No. 85, § 7, eff. 9/12/2016.
1929, April 9, P.L. 343, art. XIII.1, § 1301.12, added 1982, Dec. 9, P.L. 1057, No. 248, § 5, imd. effective. Amended 1986, May 16, P.L. 197, No. 60, § 2, imd. effective; 1999, Dec. 15, P.L. 942, No. 66, § 4, imd. effective; 2002, June 29, P.L. 614, No. 91, § 10, effective 7/1/2002; 2006, Nov. 9, P.L. 1335, No. 138, § 5, effective 7/1/2007; 2009, Oct. 9, P.L. 537, No. 50, § 2, imd. effective.