(1) A licensee who holds any of the items enumerated in section 28 shall within 90 days after the end of the financial year of the licensee report such holdings to the Authority, and subsequently pay or deliver to the Authority all property presumed to be abandoned listed in the report in accordance with the regulations.
(2) Upon paying or delivering such property identified in subsection (1) into the custody of the Authority a licensee is relieved of all liability to the extent of the value of the property for any claim in that respect.
(3) Within 30 days after the end of the financial year of the licensee but before the filing of the report to the Authority required by subsection (1), a licensee shall publish in the Gazette and at least one newspaper in general and weekly circulation in Saint Lucia the name of the owner and particulars concerning the property and shall mail a notice to the owner at the owner's last known address containing particulars concerning the property.