(a) The State Treasurer shall annually cause notice to be published once in each legal newspaper of general circulation in each county in this state.

(b) The published notice shall be entitled Notice to Owners of Abandoned Property and shall contain:

(1)(i) The names in alphabetical order and counties of last-known addresses, if any, of persons listed in the report and entitled to notice or (ii) a display ad that covers at least twenty-five percent of a standard broadsheet and includes a description of how to search for unclaimed property.

(2) A statement that information concerning the amount or description of the property and the name and address of the holder may be obtained by any person possessing an interest in the property by addressing an inquiry to the State Treasurer.

(c) The State Treasurer is not required to publish in such notice any item of less than fifty dollars unless the State Treasurer deems such publication to be in the public interest.

(d) Within one hundred twenty days from the receipt of the report required by section 69-1310, the State Treasurer shall mail a notice to each person having an address listed therein who appears to be entitled to property of the value of fifty dollars or more presumed abandoned under the Uniform Disposition of Unclaimed Property Act.

(e) The mailed notice shall contain:

(1) A statement that, according to a report filed with the State Treasurer, property is being held to which the addressee appears entitled.

(2) The name and address of the person holding the property and any necessary information regarding changes of name and address of the holder.

(3) A statement that, if satisfactory proof of claim is presented by the owner to the State Treasurer, arrangements will be made to transfer the property to the owner as provided by law.

(f) This section is not applicable to sums payable on traveler's checks or money orders presumed abandoned under section 69-1302.