Current Status Bill Number:4775 Ratification Number:471 Act Number:377 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19980310 Primary Sponsor:Wilkins All Sponsors:Wilkins Drafted Document Number:dka\4840mm.98 Date Bill Passed both Bodies:19980604 Date of Last Amendment:19980526 Governor's Action:S Date of Governor's Action:19980609 Subject:Property, abandoned; publishing procedure of administrator's notice under Uniform Unclaimed Property Act
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
------ 19980624 Act No. A377
------ 19980609 Signed by Governor
------ 19980604 Ratified R471
House 19980604 Concurred in Senate amendment,
Enrolled for ratification
Senate 19980603 Read third time, returned to House
with amendment
Senate 19980526 Read second time, ordered to
third reading with notice of
general amendments
Senate 19980526 Committee amendment adopted
Senate 19980415 Committee report: Favorable with 11 SJ
amendment
Senate 19980407 Introduced, read first time, 11 SJ
referred to Committee
House 19980403 Read third time, sent to Senate
House 19980402 Unanimous consent for third
reading on the next Legislative day
House 19980402 Read second time
House 19980401 Committee report: Favorable 25 HJ
House 19980310 Introduced, read first time, 25 HJ
referred to Committee
View additional legislative information at the LPITS web site.
(A377, R471, H4775)
AN ACT TO AMEND SECTION 27-18-190, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ADMINISTRATOR'S NOTICE OF ABANDONED PROPERTY UNDER THE UNIFORM UNCLAIMED PROPERTY ACT, SO AS TO REVISE THE PUBLICATION PROCEDURE FOR PUBLISHING OF NOTICE AND TO DELETE REQUIREMENT OF A MAILED NOTICE.
Be it enacted by the General Assembly of the State of South Carolina:
Notice of abandoned property
SECTION 1. Section 27-18-190 of the 1976 Code, as last amended by Act 248 of 1996, is further amended to read:
Section 27-18-190. (A) The administrator shall publish a notice not later than April 30 of the year immediately following the report required by Section 27-18-180 at least once in a newspaper of general circulation in the county 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 must be published in the county in which the holder has its principal place of business within this State or another county that the administrator reasonably selects.
(B) The notice must 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 must contain:
(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 custody of the administrator; and
(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.
(C) The administrator is not required to publish the name and address or location of property having a total value of less than fifty dollars or information concerning a traveler's check, money order, or similar instrument.
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 9th day of June, 1998.