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55-12 Museum or Historical Society Unclaimed Property

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CHAPTER 55-12MUSEUM OR HISTORICAL SOCIETY UNCLAIMED PROPERTY55-12-01.When property held by museum or historical society deemedabandoned. Any property held by a museum or historical society in this state that is held for ten<br>years or more and to which no person has made claim is deemed to be abandoned and<br>becomes the property of the museum or society, provided the museum or society has complied<br>with the publication and notice requirements of this chapter.55-12-02. Publication of notice of abandoned property. The museum or society shallpublish a notice as a display advertisement entitled &quot;notice of abandoned property held by a<br>museum or historical society&quot; at least once each week for two successive weeks in a legal<br>newspaper of general circulation in the county in this state where the last-known address of any<br>owner of property named in the notice is located. If no address is listed or if the address is<br>outside this state, the notice must be published in the county in which the holder of the<br>abandoned property has that person's principal place of business within this state.55-12-03. Notice requirements for abandoned property. The published notice forabandoned property held by a museum or historical society must contain:1.The name and last-known address, if any, of the last-known owner of property;2.A description of the property; and3.A statement that if proof of claim is not presented by the owner to the museum or<br>society and if the owner's right to receive the property is not established to the<br>museum's or society's satisfaction within sixty-five days from the date of the second<br>published notice, the property is deemed abandoned and becomes the property of<br>the museum or society.55-12-04. Title to abandoned property vested in museum or historical society. If noclaim has been made to the property within sixty-five days from the date of the second published<br>notice, title to the property vests in the museum or society, free of all claims of the owner and of<br>all persons claiming through or under the owner.Page No. 1Document Outlinechapter 55-12 museum or historical society unclaimed property