(a)  Prior to the sale at public auction the molder shall notify the customer by registered mail return receipt requested. The notice shall include the following information:

(1)  The molder’s intention to sell the die, mold, form or pattern thirty (30) days after the customer’s receipt of the notice.

(2)  A description of the die, mold, form or pattern to be sold.

(3)  The time and place of the sale.

(4)  An itemized statement of the amount due.

Terms Used In Rhode Island General Laws 34-30.1-3

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9

(b)(1)  If there is not a return of the receipt of the mailing or if the postal service returns the notice as being nondeliverable, the molder shall publish notice of the molder’s intention to sell the die, mold, form or pattern in a newspaper of general circulation in the city or town of the customer’s last known place of business. The notice shall include a description of the die, mold, form or pattern.

(c)  If the sale is for a sum greater than the amount of the lien, the excess shall be paid to any prior lienholder of which the molder has actual knowledge at the time of sale and any remainder to the customer, if the customer’s address is known, or to the state treasurer for deposit in the general fund if the customer’s address is unknown to the molder at the time of the sale.

History of Section.
P.L. 1998, ch. 265, § 1.