§ 89-12-1. Short title
This chapter shall be known and may be cited as the “Uniform Disposition of Unclaimed Property Act.”
§ 89-12-11. Presumed abandonment of dividend, interest and the like held or owing by business association for or to shareholder, bondholder and the like
Subject to the provisions of Section 89-12-17, and except as otherwise provided in subsections (2) and (5) of this section, stock or other intangible ownership interest in a business association which is held by the association, the existence of which is evidenced by records available to the association, is presumed abandoned if a dividend, distribution […]
§ 89-12-13. Presumed abandonment of intangible personal property held by fiduciary
Subject to the provisions of Section 89-12-17, any intangible personal property and any income or increment thereon, held in a fiduciary capacity for the benefit of another person shall be presumed abandoned unless the owner has, within five (5) years after it became payable or distributable, increased or decreased the principal, accepted payment of principal […]
§ 89-12-14. Presumed abandonment of intangible property held by business association, federal, state or local government or governmental subdivision, agency or entity
All intangible property, including, but not limited to, any interest, dividend, or other earnings thereon, less any lawful charges, held by a business association, federal, state or local government or governmental subdivision, agency or entity, or any other person or entity, regardless of where the holder may be found, if the owner has not claimed […]
§ 89-12-15. Presumed abandonment of intangible personal property held in ordinary course of holder’s business
All intangible personal property not otherwise covered by the provisions of this chapter, including any income or increment thereon and deducting any charges that may have accrued, that is held in the ordinary course of the holder’s business and has remained unclaimed by the owner for more than five (5) years after it became payable […]
§ 89-12-16. Presumed abandonment of tangible personal property or intangible personal property held by federal government, federal agency, or any officer or appointee thereof
All tangible personal property or intangible personal property, including choses in action in amounts certain, and all debts owed or entrusted funds or other property held by the federal government, or any federal agency, or any officer, or appointee thereof, shall be presumed abandoned in this state if the last known address of the owner […]
§ 89-12-17. Additional conditions for presumption of abandonment of intangible personal property
Unless otherwise provided by statute of this state, intangible personal property shall be presumed abandoned under the provisions of this chapter if the conditions for presumption of abandonment stated in the provisions of this chapter exist, and if: The last-known address of the apparent owner is in this state as shown on the records of […]
§ 89-12-19. Additional conditions for presumption of abandonment of sum payable on money order, traveler’s check and the like
Any sum payable on a money order, traveler’s check, or other similar written instrument (other than a third-party bank check) on which a business association is directly liable shall be presumed abandoned under the provisions of this chapter if the conditions for presumption of abandonment stated in Section 89-12-5 exist and if: The books and […]
§ 89-12-21. Recovery by another state of property paid or delivered to treasurer under this chapter
At any time after property has been paid or delivered to the treasurer under the provisions of this chapter, another state shall be entitled to recover the property if: The property was presumed abandoned in this state under the provisions of paragraph (b) of Section 89-12-17 because no address of the apparent owner of the […]
§ 89-12-23. Report to treasurer by holder of property presumed abandoned
Every person holding funds or other intangible personal property presumed abandoned under the provisions of this chapter shall report to the Treasurer with respect to the property as hereinafter provided. The report shall be verified, shall be on a form prescribed or approved by the Treasurer, and shall include: Except with respect to traveler’s checks […]
§ 89-12-25. Agreements to locate property presumed abandoned; prohibitions; approval
It is unlawful for a person to seek to receive from another person or contract with a person for a fee or compensation for locating property which he knows has been reported, paid or delivered to the Treasurer pursuant to the provisions of this chapter prior to seven (7) months after the date of payment […]
§ 89-12-27. Published notice of names of persons appearing to own property presumed abandoned; mailed notice
Within one hundred twenty (120) days from the filing of the report required by Section 89-12-23, the Treasurer shall cause notice to be published in a newspaper having general circulation in the county of this state in which is located the last-known address of any person to be named in the notice. If no address […]
§ 89-12-29. Payment or delivery of abandoned property to treasurer
Except as otherwise provided in subsection (2) of this section, a person who is required to file a report under Section 89-12-23 shall pay or deliver to the Treasurer all abandoned property together with the report. If the owner established the right to receive the abandoned property to the satisfaction of the holder before the […]
§ 89-12-3. Definitions
As used in this chapter, unless the context otherwise requires: “Banking organization” means any national or state bank, trust company, savings bank, land bank, private banker, or any similar organization which is engaged in business in this state. “Business association” means any corporation, joint stock company, business trust, partnership, or any association for business purposes […]
§ 89-12-30. Sale of securities listed on stock exchange
Securities listed on an established stock exchange must be sold at prices prevailing at the time of sale on the exchange. Other securities may be sold over the counter at prices prevailing at the time of sale or by any other method the Treasurer considers advisable. Unless the Treasurer considers it to be in the […]
§ 89-12-31. Holder relieved from liability upon payment or delivery of abandoned property to treasurer
Upon the payment or delivery of property to the Treasurer, the state assumes custody and responsibility for the safekeeping of the property. A person who pays or delivers property to the Treasurer in good faith is relieved of all liability for any claim then existing or which may arise or be made in respect to […]
§ 89-12-33. Owner entitled to further income or increments
When property other than money is paid or delivered to the Treasurer under this chapter, the owner is entitled to receive from the Treasurer any dividends, interest or other increments realized or accruing on the property at or before liquidation or conversion into money.
§ 89-12-35. Effect of expiration of period of limitation
The expiration of any period of time specified by statute or court order, during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or recovery of property, shall not prevent the money or property from being presumed abandoned property, nor affect any duty to file a […]
§ 89-12-37. Abandoned property fund; abandoned property claims payment fund
All funds received under the provisions of this chapter shall forthwith be deposited by the Treasurer in a special fund hereby established in the State Treasury to be designated the “Abandoned Property Fund,” except that the Treasurer shall deposit in a separate special fund hereby established in the State Treasury to be designated the “Abandoned […]
§ 89-12-39. Claim for abandoned property paid or delivered to treasurer; determination; interest
Any person claiming an interest in any property delivered to the state under the provisions of this chapter may file a claim on the form prescribed by the Treasurer. The Treasurer shall consider any claim filed under the provisions of subsection (1) of this section, and may hold a hearing and receive evidence concerning it. […]