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Notice of Sale of Abandoned or Unclaimed Personal Property at Public...

Arkansas Notice of Sale of Abandoned or Unclaimed Personal Property at Public Auction - Abandonment

Category:

Civil Procedure - Abandoned Property

State:

Multi-State

Control #:

US-00792BG

Format:

Instant download

Description

Abandonment is the act of intentionally relinquishing, without reservation, a known right without reference to any particular person or purpose. In some jurisdictions, carriers, innkeepers and other designated parties are authorized by statute to sell abandoned or unclaimed freight, baggage or other personal property under specified conditions. These statutes generally require that the property remain unclaimed for a designated period and that notice of the sale be given.

A notice of sale of abandoned property must be given in strict compliance with the terms of the governing statute. Notice of a public sale of unclaimed or abandoned property is typically required to be published in a newspaper of general circulation in the county where the sale is to be held.

Most states have enacted legislation providing for the escheat of abandoned and unclaimed property, or giving custody of such property to the state. These statutes generally set forth procedures, whereby the owner may file a claim and obtain restoration of the property within a designated period of time.

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FAQ

What Is Personal Property? Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable; that is, it isn't fixed permanently to one particular location.

In all cases in which any husband abandons his wife, or a wife her husband, and resides beyond the limits of this state for the term of five (5) successive years, without being known to the other spouse to be living during that time, the abandoning party's death shall be presumed.

Property § 18-27-103. Abandonment of personal property. (ii) Notified the purchaser in writing of the owner's claim to the personal property within thirty (30) days of the posting of the notice.

¶20-295, Personal Property Tangible personal property means every tangible thing that is the subject of ownership, whether animate or inanimate, other than money and not forming a part of any parcel of real property.

Property Tax Rates in Arkansas Tax rates in Arkansas are applied in terms of mills. A mill is equal to 1/1,000, or one tenth of a percent. So if your tax rate is 30 mills and your assessed value is $20,000, your property tax bill would be $600. That's $20,000 x (30/1,000).

Before renewing your license you are required by Arkansas law to assess your vehicle with your county assessor. Assessments are due by May 31 each year. You must pay all personal property taxes you owe in your county of residence.

(A) The personal property shall be stored for no more than thirty (30) days at the owner's expense. (B) If the owner of the personal property does not take possession of the personal property and pay the reasonable expense of storage within the thirty (30) days, the personal property shall be considered abandoned.

Kentucky 15.81 GENERAL VERDICT FORM: CONTRIBUTORY NEGLIGENCE NOT SUBMITTED

Louisiana 15.81 GENERAL VERDICT FORM: CONTRIBUTORY NEGLIGENCE NOT SUBMITTED

Maine 15.81 GENERAL VERDICT FORM: CONTRIBUTORY NEGLIGENCE NOT SUBMITTED

Maryland 15.81 GENERAL VERDICT FORM: CONTRIBUTORY NEGLIGENCE NOT SUBMITTED

Massachusetts 15.81 GENERAL VERDICT FORM: CONTRIBUTORY NEGLIGENCE NOT SUBMITTED

Michigan 15.81 GENERAL VERDICT FORM: CONTRIBUTORY NEGLIGENCE NOT SUBMITTED

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