(k) Utility means any person who owns or operates in this state for public use, any plant, equipment, property, franchise, or license for the transmission of communications or the production, storage, transmission, sale, delivery, or furnishing of electricity, water, steam or gas. The interest and income earned from the investment of the principal of the Historic Properties Financing Fund shall be transferred quarterly to the Mississippi Landmark Grant Program account within the Historic Properties Trust Fund created under Section 39-5-23. If no address is listed or if the address is outside this state, the notice shall be published in the county in which the holder of the abandoned property has his or her principal place of business in this state. Handling a Tenant's Abandoned Property: An Overview | Nolo No interest on the interest-bearing property shall be payable for any period prior to July 1, 1982. (2) Any person who willfully refuses to pay or deliver abandoned property to the Treasurer as required under the provisions of this chapter shall, upon conviction thereof, be punished by a fine of not less than Five Dollars ($5.00) nor more than One Hundred Dollars ($100.00), or imprisonment for not more than six (6) months, or both, in the discretion of the court. Code. MOBILE, Ala. (WKRG) The Mobile Police Department is hosting an unclaimed property auction this Saturday behind the headquarters on Government Boulevard. 89-12-41. (8) The initial report filed under this chapter shall include all items of property that would have been presumed abandoned if this chapter had been in effect since July 1, 1969, and all such property shall be subject to the provisions of this chapter. Overview: At common law, a person who finds abandoned property may claim it. Instead, a landowner must wait for a sheriff. Planting flowers or cleaning up debris (as mentioned before) is an example of actual possession of the land. (2) The Treasurer shall consider any claim filed under the provisions of subsection (1) of this section, and may hold a hearing and receive evidence concerning it. Read More: Tenant Abandoned Car: California Property Law. (f) Intangible personal property includes, but is not limited to: (i) Monies, checks, drafts, deposits, interest, dividends, and income; (ii) Credit balances, customer overpayments, gift certificates, security deposits, refunds, credit memos, unpaid wages, unused airline tickets, and unidentified remittances; (iii) Monies deposited to redeem stocks, bonds, coupons, and other securities, or to make distributions; (iv) Amounts due and payable under the terms of insurance policies; (v) Amounts distributable from a trust or custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit sharing, employee savings, supplemental unemployment insurance, or similar benefits; (vi) Shares of corporate stock and other intangible ownership interests in business associations; and. If a hearing is held, he shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by him and the reasons for his decision. Put up No Trespassing signs on the property, especially if it is currently unoccupied. 89-12-13. Contact us. (3) The provisions of subsection (1) of this section shall apply to all property held at the time of the effective date of this section, or at any time thereafter, regardless of when such property became or becomes presumptively abandoned.
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