1. The director may, after he has taken possession of any such corporation, cause
to be mailed to all persons claiming to be, or appearing upon the books of such corporation
to be, the owner or owners of any personal property theretofore left in the possession
of such corporation as bailee or depositary for hire, or the lessee of any safe, vault
or box, a notice in writing in a securely closed, postpaid, registered letter directed
to each of such persons at his post-office address as recorded upon its books, or,
if his name is not recorded in said books, at his last known post-office address,
notifying such person to remove all such personal property within a period stated
in said notice, and not less than sixty days from the date thereof.
2. If such property shall not have been removed within the time fixed by such notice,
the director may apply to the circuit court of the county or city in which such property
is located for an order directing him as to the disposition of such property; and
he may cause any safe, vault or box held by, or on the premises of, such corporation
to be thereafter opened in his presence or in the presence of one of the special deputy
directors, and of a notary public, not an officer or in the employ of the corporation
or of the director, and the contents, if any, to be sealed and distinctly marked by
such notary public, with the name and address of the person in whose name such safe,
vault or box stands upon the books of the corporation, and a list and description
of the property therein to be attached thereto. Such package so sealed and addressed, together with the list and description of
the property therein, may be kept by the director in one of the general safes or boxes
of the corporation until delivered to the person whose name appears thereon or until
otherwise disposed of as directed by the court.
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