LD 289
pg. 2
Page 1 of 3 An Act to Amend the Uniform Unclaimed Property Act concerning Tangible Property... Page 3 of 3
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LR 669
Item 1

 
Title 14, section 6013 if the fair market value of the
property left by the tenant is less than $500.

 
3.__Property held by state institutions.__Tangible property,
other than prescription drugs, held by an institution under the
control of the Department of Mental Health, Mental Retardation
and Substance Abuse Services or the Department of Corrections
that has been left by a patient or inmate is presumed abandoned
if it is not claimed within one year after the patient's or
inmate's discharge from or death while residing in the
institution.__Prescription drugs held by an institution under the
control of the Department of Mental Health, Mental Retardation
and Substance Abuse Services or the Department of Corrections
that are left by a patient or inmate are presumed abandoned upon
the death of the patient or inmate or if the drugs are not
claimed within 30 days of the patient's or inmate's discharge
from the institution.

 
A.__Tangible property other than prescription drugs presumed
abandoned under this subsection may be sold by the head of
the institution at public auction.

 
(1)__At least 14 days prior to the sale, the head of
the institution shall give notice to the owner:

 
(i)__Either personally or by certified mail; or

 
(ii)__If that notice cannot be given after one
reasonable attempt to do so, by publication in a
newspaper of general circulation in the county in
which the institution is located.

 
The notice must give a description of the property, the
institution at which it was left, the time and place of
the sale and the right to claim the property.

 
(2)__The owner may claim this property at any time
prior to the actual sale.

 
(3)__After sale, the head of the institution shall
record the name of the owner prior to the sale, a
description of the property, the institution at which
it was left and the proceeds of the sale.

 
(4)__The proceeds of the sale and the records of the
sale must be reported and delivered to the
administrator in the same manner as property presumed
abandoned is reported and delivered.

 
B.__Prescription drugs that are presumed abandoned under this
subsection must be disposed of in accordance with rules


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