Monday, July 25, 2011
Rhode Island Changes State Notice Requirements - Check the Fine Print
On July 12, the Governor of Rhode Island approved Senate Bill 725, which makes some changes concerning the state's publication of notice to owners of unclaimed property. Pursuant to the old version of the law, the state was required to publish notice once per year in a newspaper in general circulation in each county of an owner's last known address. Under the revised law, the state will publish those notices twice per year, but the advertisements will be limited to no more than 1/4 of a page.