Vermont § 1503 - Notice by Administrator

§ 1503. Notice by Administrator

• (a) The Administrator shall give notice to an apparent owner that property presumed abandoned
  and appears to be owned by the apparent owner is held by the Administrator under this
  chapter. (b) In providing notice under subsection (a) of this section, the Administrator shall: (1) except as otherwise provided in subdivision (2) of this subsection, send written notice
  by first-class U.S. mail to each apparent owner of property valued at $50.00 or more
  held by the Administrator, unless the Administrator determines that a mailing by first-class
  U.S. 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 U.S.
  mail; or (2) send the notice to the apparent owner’s electronic-mail address if the Administrator
  does not have a valid U.S. mail address for an apparent owner, but has an electronic-mail
  address that the Administrator does not know to be invalid. (c) In addition to the notice under subsection (b) of this section, the Administrator
  may use any of the following to provide additional notice to the apparent owners: (1) publication in a newspaper of general circulation: (A) in the area of the State in which the last known address of a person to be named in
  the notice is located; (B) in the area in which the holder has its principal place of business in the State;
  or (C) in the area the Administrator deems to provide the best opportunity to reach the apparent
  owner; (2) individual contact by regular or electronic mail, or by telephone, if the treasurer
  has current contact information on file; (3) any other manner and method that the treasurer considers effective for providing notice
  and publication. (d) In addition to the notice under subsection (b) of this section, the Administrator
  shall maintain a website or database accessible by the public and electronically searchable
  that contains the names reported to the Administrator of all apparent owners for whom
  property is being held by the Administrator. The website or database maintained under
  this subsection must include instructions for filing with the Administrator a claim
  to property and a printable claim form with instructions for its use. (e) In addition to giving notice under subsection (b) of this section, publishing the
  information under subdivision (c)(1) of this section and maintaining the website or
  database under subdivision (d)(2) of this section, 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 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)