Effective – 01 Jul 1994 447.500. Law, how cited — exceptions — purpose. — 1. Sections 447.500 to 447.595 may be cited as the “Uniform Disposition of Unclaimed Property Act”. 2. Sections 447.500 to 447.595 shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact […]
Effective – 28 Aug 2014, 2 histories 447.503. Definitions. — As used in sections 447.500 to 447.595, unless the context otherwise requires, the following terms mean: (1) “Banking organization”, any bank, trust company, or safe deposit company, engaged in business in this state; (2) “Business association”, any corporation, joint stock company, business trust, partnership, limited […]
Effective – 28 Aug 1998 447.505. Property held or owing by banking, financial organization or business presumed abandoned, when — exception. — The following property held or owing by a banking or financial organization or by a business association is presumed abandoned; provided, however, that neither this section nor any other provision of sections 447.500 […]
Effective – 28 Aug 1998 447.506. Imposition of charges including prepayment penalties on certificates of deposit, requirements — not to affect unclaimed property. — 1. For the purpose of sections 447.500 to 447.595, a banking organization, business association, or financial organization may impose charges including prepayment penalties on certificates of deposit, on property subject to […]
Effective – 28 Aug 2003 447.510. Unclaimed funds held and owing by insurance company presumed abandoned, when — unclaimed funds defined — distribution of abandoned property, when. — 1. Unclaimed funds, as defined in this section, held and owing by an insurance corporation shall be presumed abandoned if the last known address, according to the […]
Effective – 28 Aug 1998 447.517. Utilities, funds held or owing presumed abandoned, when. — 1. The following funds held or owing by any utility are presumed abandoned: (1) Any deposit made by a subscriber with a utility to secure payment for, or any sum paid in advance for, utility services to be furnished in […]
Effective – 28 Aug 1998 447.520. Stock, certificates and ownership — dividend profit — distribution or interest payment, held or owing by business association presumed abandoned, when. — 1. Any stock or other certificate of ownership, or any dividend, profit, distribution, interest, payment on principal, or other sum held or owing by a business association […]
Effective – 28 Aug 1998 447.527. Dissolution of business — unclaimed intangible personal property presumed abandoned, when. — All intangible personal property distributable in the course of a dissolution of a business association, banking organization, or financial organization organized under the laws of or created in this state, that is unclaimed by the owner within […]
Effective – 28 Aug 1998 447.530. Fiduciary holding intangible personal property for benefit of another presumed abandoned, when, exception. — All intangible personal property, and any income or increment thereon that would be due had the owner not abandoned the account, held in a fiduciary capacity for the benefit of another person and including property […]
Effective – 19 Jun 2002 447.532. Courts — public corporations — public authority — officers — political subdivisions holding intangible personal property for another presumed abandoned, when. — 1. Notwithstanding the provisions of section 447.536, all intangible personal property held as of June 19, 2002, for the owner by any court, including any receivership or […]
Effective – 28 Aug 1998 447.533. Interest, dividends or their earnings deemed unclaimed property, when. — 1. All intangible property, including but not limited to any interest, dividend, or other earnings thereon that would be due had the owner not abandoned the account, less any lawful charges, held by a business association, federal, state or […]
Effective – 08 Jul 2014 447.534. United States savings bonds deemed abandoned, when — proceeds to escheat to the state, when — filing of a claim, procedure. — 1. Notwithstanding the provisions of subsection 2 of section 447.532, section 447.533, and subsection 1 of section 447.545, United States savings bonds which are unclaimed property and […]
Effective – 28 Aug 2014 447.535. All other intangible property presumed abandoned, when — ongoing business relationships, certain items not presumed abandoned, when. — 1. All intangible personal property, not otherwise covered by sections 447.500 to 447.595, including any income or increment thereon, and deducting any lawful charges, that is held or owing in this […]
Effective – 28 Aug 2014 447.536. Abandonment period, effective when — exception for payroll checks. — Except for the abandonment period for travelers checks and money orders provided for in subdivision (3) of section 447.505; the abandonment period for dissolution of business associations, banking organizations and financial organizations as provided for in section 447.527; and […]
Effective – 01 Jul 1994 447.537. Owner of property in another state and holder subject to that state’s jurisdiction, effect. — If specific property which is subject to the provisions of sections 447.505, 447.520, 447.527, 447.530 and 447.535 is held for or owed or distributable to an owner whose last known address is in another […]
Effective – 28 Aug 1998 447.539. Report to treasurer on property presumed abandoned — content — filed, when — extension of filing time — location of owner, duties — penalty — assessment, reconsideration, interest — waiver — determination of amounts, estimation. — 1. Every person holding funds or other property, tangible or intangible, presumed abandoned […]
Effective – 28 Aug 1998 447.540. Charitable, fraternal and other federally tax-exempt entities to report and remit unclaimed property. — Entities which are exempt from federal taxation pursuant to Section 501(c)(3) of the Internal Revenue Code shall report and remit as required by this chapter. ——– (L. 1990 H.B. 1361 § 1, A.L. 1998 H.B. […]
Effective – 28 Aug 1998 447.541. Notices required — publication form, content — mailed notice, requirements, content, exception — treasurer’s duty. — 1. Within two hundred forty days from the due date of the report required by section 447.539, the treasurer shall cause notice to be published at least once each week for two successive […]
Effective – 28 Aug 1998 447.543. Delivery of property to treasurer, when — retention of approved costs — errors of presumption, procedure — abandoned fund account established — payment of claims — records subject to public inspection, exception. — 1. Every person who has filed a report pursuant to section 447.539 shall pay all moneys […]
Effective – 28 Aug 1998 447.545. No liability for claims by holder after delivery to state — legal actions, procedure. — 1. Upon the payment or delivery of abandoned property, the state shall assume custody and shall be responsible for the safekeeping thereof. Any person who pays or delivers abandoned property pursuant to sections 447.500 […]
