(a) The administrator shall publish a notice not later than November 30 of the year next following the year in which abandoned property has been paid or delivered to the administrator. The notice must be published in a newspaper of general circulation in the Virgin Islands. If a holder does not report an address for the apparent owner, or the address is outside the Virgin Islands, the notice must be published in the district in which the holder has its principal place of business within the Territory. The advertisement must be in a form that, in the judgment of the administrator, is likely to attract the attention of the apparent owner of the unclaimed property. The form must contain:
(1) the name of each person appearing to be the owner of the property, as set forth in the report filed by the holder;
(2) the last known address or location of each person appearing to be the owner of the property, if an address or location is set forth in the report filed by the holder;
(3) a statement explaining that property of the owner is presumed to be abandoned and has been taken into the protective custody of the administrator; and
(4) a statement that information about the property and its return to the owner is available to a person having a legal or beneficial interest in the property, upon request to the administrator.
(b) The administrator is not required to advertise the name and address or location of an owner of property having a total value less than $50, or information concerning a traveler's check, money order, or similar instrument.