Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1919-04-23

1t is hereby enacted by the General
Assembly of the State of Vermont:
Section l.. Section $685. of the Cen
eral Laws is hereby amended so as to
read as follows
Sec. $685. The treasurer of each
bank shall, on or before the first day of
May, annually, report to the bank conf
missioner, under oath, the name and last
known residence of each depositor of
the bank, together with the amount due
such deposition, who has not made
deposit therein or withdrawn any part
of his deposit or of the interest there
on, for period of twenty years next
preceding; and who is not known to the
officers of the bank to be living; and
said treasurer shall further give notice
by publishing list of such depositors
in one or more newspapers published
in or near the town where such institu-
hon is located, three weeks successfully.
Said bank commissioner shall forthwith
brward to the states attorney of each
county a copy of the report received
from such treasurers of the banks with
n such county, who shall forthwith file
With the probate court of probate dis
,rict in such county an application ask
ing such probate court to cite before 1t
,uch banks in order to determine the
ownership of such deposits. Said pro-
bate court shall forthwith give notice
In the manner provided in section three
thousand two hundred and ninety-one of
the General Laws, notifying all claim
ants of such deposits to appear and be
heard upon the day fixed by said pro-
notify such banks by registered mail of
ole 81 ~,
said probate court, upon hearing all par
deposit, it shall make a decree to that
effect which shall be filed with such
bank and shall be a sufficient warrant
for the payment by the bank to the
claimant If the probate court does not
find an owner for such deposit upon the
evidence presented, it shall order the
bank to pay such deposit to the treas
urcr of the state to be held and invested
as part of the permanent school fund
and shall so certify to the bank, which
shall thereupon pay over such deposit,
as provided in this section.
Sec. 2. Said probate court shall,
upon the petition in writing of any per-
son claiming right to money paid to
the state treasurer as hereinbefore pro-
vided, fix day for hearing upon such
petition and cause the substance of the
same, together with the time and place
of hearing thereon, to be published in a
newspaper having general circulation
throughout the probate district wherein
such court has jurisdiction. for at least
three weeks successfully, the last publ
cation to be at least twenty days before
the date of such hearing Notice of
such hearing shall be given by said pro-
bate court to the states attorney of the
county and to the state treasurer by
mailing to each registered copy of such
petition and order for hearing at least
twenty days before the date set there
for. Said states attorney shall, if in
his opinion the interests of the state
or of any person other than the petit
toner require, or upon request of the
state treasurer, attend such hearing and
oppose the payment of such money to
such petitioner If, upon hearing, the
court adjudges that the petitioner is
entitled to the money on deposit the
judge shall forthwith prepare and for
ward to the state treasurer a certified
copy of the judgment rendered thereon
under the seal of the court, and the state
treasurer shall thereupon pay over to
the petitioner the amount of money to
which he has been adjudged entitled
which sum shall be charged to the perma-
nent school fund. In cases where the
sum involved is less than one hundred
dollars, the claim may be presented to
the auditor of accounts, who shall ex-
anime the same and order payment by
the state treasurer out of the perma-
nent school fund, of such sum as he shall
find to be due the claimant.
Sec. g. A notice of hearing under
the provisions of the preceding section
in all cases where the amount involved
is one hundred dollars or more, shall
not be issued until sufficient security i.
given to the state treasurer, to the salts
faction of the probate court issuing
such notice, that the petitioner will pay
the costs of the hearing if judgment i.
rendered against him.
Sec. T. The necessary expenses fol
carrying out the provisions of this act
shall be approved by the probate court
and the auditor of accounts shall order
payments thereof to be made by the
state treasurer out of the permanent
school fund.
Sec, 5. Sections $3.50, 1886, 1897
1898, $3.50, $500 and 1901 of the Genera
Laws are hereby repealed
Sec. 6. This act shall take effec
from its massage.
Approved April 2. 1919.