Within 120 days from the filing of the report required by § 41-117 , the Mayor shall cause notice to be published at least once each week for 2 consecutive weeks in a newspaper of general circulation in the District. The published notice shall be entitled “Notice of Names of Persons Appearing To Be Owners of Abandoned Property” and shall contain: The names in alphabetical order and last known addresses, if any, of persons listed in the report and entitled to notice as specified in this chapter; A statement that information concerning the amount or description of the property and the name and address of the holder may be obtained by any persons possessing an interest in the property by addressing an inquiry to the Mayor; and A statement explaining that property of the owner is presumed to be abandoned and has been taken into the protective custody of the Mayor. The Mayor is not required to publish notice of any item of less than $50 in value unless the Mayor deems such publication to be in the public interest. Within 120 days from the receipt of the report required by § 41-117 , the Mayor shall mail a notice to each person having an address listed who appears to be entitled to property of a value of $50 or more presumed abandoned under this chapter. The mailed notice shall contain: A statement that, according to a report filed with the Mayor, property is being held to which the addressee appears entitled; The name and address of the person holding the property and any necessary information regarding the changes of name and address of the holder; and A statement explaining that property of the owner is presumed to be abandoned and has been taken into the protective custody of the Mayor and a statement that information about the property and its return to the owner is available to a person having a legal or beneficial interest in the property, upon request to the Mayor. This section is not applicable to sums payable on traveler’s checks or money orders and similar written instruments that are presumed abandoned under § 41-105 . With respect to property reported and delivered on or before January 2, 1998, pursuant to § 41-117(e) , the Mayor shall cause the newspaper notice required by subsection (a) of this section to be completed no later than May 1, 1998.
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