(1) (a) Prior to selling a mold, the molder shall send written notice by registered mail to the last- known address of the customer. (b) The notice required by Subsection (1)(a) shall include: (i) the molder's intention to sell the mold 30 days from the day the customer received the notice; (ii) the description of the mold to be sold; (iii) the time and place of the sale; and (iv) an itemized statement for the amount due the molder from the customer. (c) A molder shall publish notice of the molder's intention to sell a mold in a newspaper of general circulation covering the customer's last-known address and as required in Section 45-1-101 if: (i) the receipt of the mailing of the notice described in Subsection (1)(a) is not returned; or (ii) the postal service returns the notice described in Subsection (1)(a) as being nondeliverable. (d) The notice provided for in Subsection (1)(c) shall include a description of the mold. (2) A molder may sell a mold 30 days from the later of the day: (a) the customer received the notice in accordance with Subsection (1)(a); or (b) the date the molder published the notice under Subsection (1)(c). (3) If from the sale of a mold under this section the molder receives an amount in excess of the amount of the lien, the excess shall be paid as follows: (a) to any prior lienholder known to the molder at the time of the sale; and (b) after paying any lienholder under Subsection (3)(a), the remainder: (i) if the customer's address is known at the time of sale, to the customer; or (ii) if the customer's address is not known at the time of sale, to the state in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act.
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