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§ 704. Notice to depositors

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 14. Escheat of Postal Savings System Accounts Act
60 Okl.St.Ann. § 704
§ 704. Notice to depositors
The Attorney General shall notify depositors whose accounts are to be escheated as follows:
1. A letter advising that a Postal Savings System account in the name of the addressee is about to be escheated and setting forth the procedure by which a deposit may be claimed shall be mailed by first class mail to the named depositor at the last address shown on the account records for each account to be escheated having an unpaid principal balance of more than Twenty-five Dollars ($25.00).
2. A general notice of intention to escheat Postal Savings System accounts shall be published once in each of three (3) successive weeks in a legal newspaper of general circulation in the county in this state in which is located the last address shown on the account records for each account to be escheated having an unpaid principal balance of more than Twenty-five Dollars ($25.00).
3. A special notice of intention to escheat the unclaimed Postal Savings System accounts originally deposited in each post office must be published once in each of three (3) successive weeks in a legal newspaper of general circulation in the county in which the post office is located. This notice must list the names of the owners of each unclaimed account to be escheated having a principal balance of Three Dollars ($3.00) or more.

Credits

Laws 1971, c. 41, § 4, emerg. eff. March 25, 1971.
60 Okl. St. Ann. § 704, OK ST T. 60 § 704
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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