reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.070 - Goods retained until payment of charges.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1939
447.070. Goods retained until payment of charges. —
When any goods, merchandise or other property shall have been received by any railroad or express company, or other common carrier, commission merchant or warehouseman, and shall not be received by the owner, consignee, or other authorized person, it shall be lawful to hold the same by said carrier, commission merchant or warehouseman, or the same may be stored with some responsible person, and be retained until the freight and all just and reasonable charges be paid.
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(RSMo 1939 § 15323)
Prior revisions: 1929 § 14233; 1919 § 7293; 1909 § 8274
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.080 - Sale of unclaimed property.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1939
447.080. Sale of unclaimed property. —
If no person call for said goods, merchandise or other property, within sixty days from the receipt thereof, and pay freight and charges thereon, it shall be lawful for such carrier, commission merchant or warehouseman to sell such goods, merchandise or other property, or so much thereof at auction, to the highest bidder, as will pay said freight and charges, first having given twenty days' notice of the time and place of sale to the owner, consignee or consignor, when known, and by advertisement in a daily paper, or if in a weekly paper, four weeks, published where such sale is to take place; and if any surplus be left after paying freight, storage, cost of advertising and all other just and reasonable charges, the same shall be paid over to the rightful owner of said property at any time thereafter, upon demand being made therefor, within sixty days; provided, however, that any common carrier may sell such goods, merchandise, or other property in accordance with the provisions of the bill of lading applicable thereto, where the form of bill of lading used has been duly filed with the public service commission of Missouri.
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(RSMo 1939 § 15324)
Prior revisions: 1929 § 14234; 1919 § 7294; 1909 § 8275
(1969) Action by widow to take against the will affects the title to the real estate in question and Supreme Court has exclusive appellate jurisdiction. In re Estate of Youngblood (A.), 447 S.W.2d 824.
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.090 - Unclaimed proceeds.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1939
447.090. Unclaimed proceeds. —
If the rightful owner or his agent fail to demand such surplus within sixty days of the time of such sale, then said surplus shall be paid into the county treasury, subject to the order of the owner.
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(RSMo 1939 § 15325)
Prior revisions: 1929 § 14235; 1919 § 7295; 1909 § 8276
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.100 - Carrier's responsibility ceases, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1939
447.100. Carrier's responsibility ceases, when. —
After the storage of goods, merchandise or property as herein provided, the responsibility of the carrier shall cease, nor shall the person with whom the same may be stored be liable for any loss or damage on account thereof, unless the same shall result from his negligence or want of proper care.
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(RSMo 1939 § 15326)
Prior revisions: 1929 § 14236; 1919 § 7296; 1909 § 8277
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.110 - Sale of property upon which advances are made, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1939
447.110. Sale of property upon which advances are made, when. —
When any commission merchant or warehouseman shall receive, on consignment, produce, merchandise or other property, and shall make advances thereon, either to the owner or for freight and charges, it shall be lawful for the person who may make such advances, if the same be not paid to him within sixty days from the date of such advances, to cause the produce, merchandise or property on which the advances were made to be advertised and sold as provided in section 447.080.
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(RSMo 1939 § 15327)
Prior revisions: 1929 § 14237; 1919 § 7297; 1909 § 8278
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.200 - Inactive consumer deposit accounts, notice, fees — remittance to abandoned fund account, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2018
447.200. Inactive consumer deposit accounts, notice, fees — remittance to abandoned fund account, when. —
1. If any consumer deposit account with a banking organization or financial organization, as such
*
terms are defined in and under section 447.503, is determined to be or to have been inactive for a period of twelve or more months and if inactivity fees apply to such
**
account, such banking organization, bank or financial organization shall notify the person or depositor named on such inactive
**
account of such inactivity
***
. Notice may be delivered by first class mail, with postage prepaid, and marked "Address Correction Requested", or alternatively, the notice may be sent or delivered electronically if the consumer has consented to receiving electronic disclosures in accordance with the federal Truth in Savings Act, 12 U.S.C. Sections
****
4301 to 4313, and the regulations promulgated pursuant thereto.
2. Notwithstanding any provision of law to the contrary, for any consumer deposit account with a banking organization, bank or financial organization that is or that has been inactive for twelve months or more, such bank or financial organization shall issue annual statements to the person or depositor named on the account. The organization or a bank may charge a service fee of up to five dollars for any statement issued under this subsection, provided that such fee shall be withdrawn from the inactive account.
3. If any consumer deposit account with a banking organization, bank or financial organization is determined to be or to have been inactive for a period of five years, the funds from such account shall be remitted to the abandoned fund account established under section 447.543.
4. For purposes of this section, the word
"inactive"
means a prescribed period during which there is no activity or contact initiated by the person or depositor named on the account, which results in an inactivity fee or fees being charged to the account.
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(L. 2018 H.B. 1879 merged with S.B. 769)
*Word "those" appears in original rolls of S.B. 769, 2018.
**Word "the" appears in original rolls of H.B. 1879, 2018.
***Word "through" appears in original rolls of H.B. 1879, 2018.
****Word "Section" appears in original rolls of S.B. 769, 2018.
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.500 - Law, how cited — exceptions — purpose.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
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 it, except when the words in sections 447.500 to 447.595 do not conform to the uniform laws enacted by other states.
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(L. 1984 H.B. 1088 §§ 27, 30, A.L. 1989 H.B. 506, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.506 - Imposition of charges including prepayment penalties on certificates of deposit, requirements — not to affect unclaimed property.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 sections 447.500 to 447.595 that are lawful when collected, provided such organization or association gives prior constructive or actual notice to their customers that such charges may be imposed.
2. Incorrect computations or other bona fide errors that result in recredited charges to a customer's account that are made despite the holder's standard procedures to the contrary do not establish a pattern of custom or usage for charges on unclaimed property.
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(L. 1989 H.B. 506, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.517 - Utilities, funds held or owing presumed abandoned, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 this state, less any lawful deductions, that has remained unclaimed by the person appearing on the records of the utility entitled thereto for more than seven years or five years as provided in section 447.536 after the termination of the services for which the deposit or advance payment was made;
(2) Any sum which a utility has been ordered to refund and which was received for utility services rendered in this state, together with any interest thereon, less any lawful deductions, that has remained unclaimed by the person appearing on the records of the utility entitled thereto for more than seven years or five years as provided in section 447.536 after the date it became payable in accordance with the final determination or order providing for the refund.
2. For purposes of corporations organized pursuant to chapter 274, corporations organized pursuant to chapter 357, corporations organized pursuant to chapter 394, and electric service corporations organized pursuant to chapter 351, which have received a loan or loans pursuant to the Rural Electrification Act of 1936, Title VII, U.S. Code as amended, sections 447.500 to 447.595 shall only apply to property and funds which become held or owing and for which the period of time which must expire before such property or funds are presumed abandoned has begun after August 13, 1984.
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(L. 1984 H.B. 1088 § 4, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.520 - Stock, certificates and ownership — dividend profit — distribution or interest payment, held or owing by business association presumed abandoned, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 for or to a shareholder, certificate holder, member, bondholder, or other security holder, or a participating patron of a cooperative, who has not claimed it, or corresponded in writing with the business association concerning it, within seven years or five years as provided in section 447.536 after the date prescribed for payment or delivery, is presumed abandoned if:
(1) It is held or owing by a business association organized pursuant to the laws of or created in this state; or
(2) It is held or owing by a business association doing business in this state, but not organized pursuant to the laws of or created in this state, and the records of the business association indicate that the last known address of the person entitled thereto is in this state.
2. Any intangible interest in a business association, as evidenced by the stock records or membership records of the association, is presumed abandoned if:
(1) The interest in the association is owned by a person who for more than seven years or five years as provided in section 447.536 has neither claimed a dividend or other sum nor corresponded in writing with the association or otherwise indicated an interest as evidenced by a memorandum or other record on file with the association; and
(2) The association does not know the location of the owner at the end of such seven-year period or five-year period as provided in section 447.536.
­­With respect to such interest, the business association shall be deemed the holder.
3. Any dividend or other distribution held for or owing to a person at the time the stock or other security to which such dividend or other distribution attaches is considered abandoned at the same time.
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(L. 1984 H.B. 1088 § 5, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.527 - Dissolution of business — unclaimed intangible personal property presumed abandoned, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 two years after the date for final distribution, is presumed abandoned, notwithstanding the provisions of section 375.1224.
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(L. 1984 H.B. 1088 § 6, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.530 - Fiduciary holding intangible personal property for benefit of another presumed abandoned, when, exception.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 held by an attorney in fact or an agent, except a trust defined in section 456.500, subject to escheat pursuant to the provisions of sections 456.220 or 456.640 to 456.660, is presumed abandoned unless the owner has, within seven years or five years as provided in section 447.536 after it becomes payable or distributable, increased or decreased the principal, accepted payment of principal or income, corresponded in writing concerning the property, or otherwise indicated an interest as evidenced by a memorandum on file with the fiduciary. If unclaimed property in a trust defined in section 456.500 has not escheated within the time periods specified in section 456.640, then such property is subject to the provisions of sections 447.500 to 447.595:
(1) If the property is held by a banking organization or a financial organization, or by a business association organized pursuant to the laws of or created in this state; or
(2) If it is held by a business association, doing business in this state, but not organized pursuant to the laws of or created in this state, and the records of the business association indicate that the last known address of the person entitled thereto is in this state; or
(3) If it is held in this state by any other person; or
(4) Except any property that is held for the benefit of another whether absolute or contingent where the owner has not reached the age of twenty-one and such property is in a trust or agency account, or is not subject to a trust as permitted by section 456.012 or 456.013.
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(L. 1984 H.B. 1088 § 7, A.L. 1986 H.B. 1547, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.532 - Courts — public corporations — public authority — officers — political subdivisions holding intangible personal property for another presumed abandoned, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 19 Jun 2002, see footnote
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 custodianship under court supervision, or public corporation, public authority, or public officer of this state, or a political subdivision thereof, that has remained unclaimed by the owner for more than three years is deemed abandoned and shall be turned over immediately to the treasurer pursuant to section 447.543.
2. Notwithstanding the provisions of section 447.536, all intangible personal property held for the owner whose last known address is located in Missouri, by a public officer, official, agency, department, or court, of the United States or any state or local government or governmental subdivision, agency, or entity thereof that has remained unclaimed by the owner for more than three years is deemed abandoned and shall be turned over to the treasurer pursuant to section 447.543. If no address is listed or if the address is outside this state, all intangible personal property held for the owner by such entities listed in this section and located in this state, or held for a holder that is located in this state, that has remained unclaimed by the owner for more than three years is deemed abandoned and shall be turned over immediately to the treasurer pursuant to section 447.543, except as provided in section 447.547.
3. All intangible personal property referred to in this section is subject to the provisions of sections 447.500 to 447.595.
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(L. 1984 H.B. 1088 § 8, A.L. 1989 H.B. 506, A.L. 1990 H.B. 1052, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510, A.L. 2002 S.B. 1248)
Effective 6-19-02
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.533 - Interest, dividends or their earnings deemed unclaimed property, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 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 or corresponded in writing concerning the property within seven years or five years as provided in section 447.536 after the date prescribed for payment or delivery, is presumed abandoned and subject to the custody of this state as unclaimed property if:
(1) The last address of the owner is unknown; and
(2) The person or entity originating or issuing the intangible property is this state or any political subdivision of this state, or is incorporated, organized, created or otherwise located in this state.
2. The provisions of subsection 1 of this section shall not apply to property which is or may be presumed abandoned and subject to the custody of this state pursuant to any other provision of law containing a dormancy period different than that prescribed in subsection 1 of this section.
3. The provisions of subsection 1 of this section shall apply to all property held as of August 28, 1990, or at any time thereafter, regardless of when such property became or becomes presumptively abandoned.
4. The provisions of subsection 1 of this section shall not apply to any property held in this state where the holder is a banking organization or financial organization which has a principal place of business in this state.
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(L. 1990 H.B. 1052, A.L. 1992 S.B. 661 & 620, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.535 - All other intangible property presumed abandoned, when — ongoing business relationships, certain items not presumed abandoned, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 state in the ordinary course of the holder's business and has remained unclaimed by the owner for more than seven years or five years as provided in section 447.536 after it became payable or distributable is presumed abandoned. Intangible personal property where the property is held in a jurisdiction in which the abandonment presumption is less than seven years or five years as provided in section 447.536 shall be accepted by the state of Missouri.
2. Notwithstanding any provision to the contrary, any outstanding check, draft, credit balance, customer's overpayment, or unidentified remittance issued to a business entity or association as part of a commercial transaction in the ordinary course of a holder's business shall not be presumed abandoned if the holder and such business entity or association have an ongoing business relationship. An ongoing business relationship shall be deemed to exist if the holder has engaged in a commercial, business, or professional transaction involving the sale, lease, license, or purchase of goods or services with the business entity or association or a predecessor-in-interest of the business entity or association within the dormancy period immediately following the date of the check, draft, credit balance, customer's overpayment, or unidentified remittance giving rise to the unclaimed property interest. As used in this subsection,
"dormancy period"
means the period during which the holder may hold the property interest before it is presumed to be abandoned. A
"predecessor-in-interest"
is a person or entity whose interest in a business entity or association was acquired by its successor-in-interest, whether by purchase of the business ownership interest, purchase of business assets, statutory merger or consolidation, and includes successive acquisitions by whatever means accomplished.
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(L. 1984 H.B. 1088 § 9, A.L. 1986 H.B. 1547, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510, A.L. 2014 H.B. 1075)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.536 - Abandonment period, effective when — exception for payroll checks.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 the abandonment period for court-related bond proceeds as provided for in section 447.595; all other abandonment periods referenced in sections 447.505 to 447.595, shall change from seven to five years beginning January 1, 2000, with the exception of payroll checks which shall have the abandonment period reduced from five years to three years beginning January 1, 2015. The abandonment periods provision of this section shall not apply to property which is held pursuant to any resolution, order or trust indenture entered into prior to August 28, 1998, by a city, county, school district, authority, agency or other political subdivision where the abandonment period or other abandonment provision specified in the resolution, order or trust indenture is different than the abandonment period specified in this section.
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(L. 1998 H.B. 1510, A.L. 2014 H.B. 1075)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.537 - Owner of property in another state and holder subject to that state's jurisdiction, effect.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
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 state by a holder who is subject to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject to sections 447.500 to 447.595 if:
(1) It may be claimed as abandoned or escheated under the laws of such other state; and
(2) The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last known address is within this state by a holder who is subject to the jurisdiction of this state; provided, however, such other state shall only enforce its claim by trial de novo in the appropriate court in Missouri.
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(L. 1984 H.B. 1088 § 10, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.540 - Charitable, fraternal and other federally tax-exempt entities to report and remit unclaimed property.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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.
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(L. 1990 H.B. 1361 § 1, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.545 - No liability for claims by holder after delivery to state — legal actions, procedure.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• 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 to 447.595 is relieved of all liability for any claim which then exists or which thereafter may arise or be made in respect to the property.
2. In the event legal proceedings are instituted against a prior holder in a court of this state, or in any other state or federal court, by any other state claiming to be entitled to unclaimed funds or abandoned property previously paid or delivered to the treasurer, such holder shall give timely written notice to the treasurer and the attorney general of this state of such proceedings, or in the alternative at least ten days before the return date on which an answer or similar pleading is required to be filed. The attorney general may intervene or take such other action as the attorney general deems appropriate or necessary to protect the interests of this state.
3. If the notice provided in subsection 2 of this section is given by the holder and thereafter a judgment is entered against the holder for any amount paid to the treasurer pursuant to the terms of sections 447.500 to 447.595, the treasurer shall, upon being furnished with proof thereof, return to the holder the amount of such judgment, not to exceed the amount of the property reported which is the subject of the dispute.
4. The holder of any interest pursuant to section 447.520 evidenced only by the stock records or membership records of the business association may deliver a duplicate certificate to the treasurer. Upon such delivery, the holder and any transfer agent, registrar, or other person acting for or on behalf of the holder in executing or delivering such duplicate certificate shall be relieved from all liability of every kind to the person acquiring the original certificate or the duplicate of such certificate issued to the treasurer, not to exceed the liquidated value of the property on the date of delivery, or if unliquidated, the market value of the property on the date of delivery. If the holder elects not to issue and deliver a duplicate certificate, the holder shall transfer title of the underlying shares to the state on the records of the issuing corporation in a manner acceptable to the treasurer.
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(L. 1984 H.B. 1088 § 14, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.547 - Law of abandoned property not applicable, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2014
447.547. Law of abandoned property not applicable, when. —
1. Sections 447.500 to 447.595 shall not affect property the title to which is vested in a holder by the operation of a statute of limitations prior to August 13, 1984, nor to any property held in a fiduciary capacity that was unclaimed property prior to August 13, 1974. This subsection shall not apply to property the title to which is vested in the holder when the holder is a federal, state, or local government or governmental subdivision, agency, entity, officer, or appointee thereof.
2. Payment and delivery of unclaimed property to the treasurer is not barred by statutes of limitations when title to the property has not vested in the holder prior to August 13, 1984.
3. Sections 447.500 to 447.595 shall not apply to final orders, judgments or decrees of distribution or to abandoned property entered by the probate division of the circuit court after August 13, 1984.
4. Sections 447.500 to 447.595 shall not apply to institutions chartered pursuant to the provisions of an act of the Congress of the United States known as the Farm Credit Act of 1971 and acts amendatory thereto.
5. In addition to other exclusions, sections 447.500 to 447.595 shall not apply to any property that had been unclaimed prior to January 1, 1965, where the holder is a financial organization or banking organization which has a principal place of business in this state.
6. Business credits between two business entities or two business associations are not subject to sections 447.500 to 447.595.
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(L. 1984 H.B. 1088 §§ 15, 26, A.L. 1989 H.B. 506, A.L. 1990 H.B. 1052, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 2014 H.B. 1075)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.548 - Reportable periods, no enforcement after three years, when — fraudulent report, enforcement for six years.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2014
447.548. Reportable periods, no enforcement after three years, when — fraudulent report, enforcement for six years. —
1. The state treasurer shall not enforce this chapter for a reportable period more than three years after the holder:
(1) Filed a report with the state treasurer; or
(2) Gave express notice to the state treasurer of a dispute under this chapter.
2. If a fraudulent report is filed with the intent to evade escheatment of property, the state treasurer may enforce this chapter within six years after the report was filed.
3. If no report is filed, the state treasurer may enforce this chapter at any time.
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(L. 2014 H.B. 1075)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.549 - Statute of limitations not a defense for governmental agencies in proceedings by treasurer to recover unclaimed property.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
447.549. Statute of limitations not a defense for governmental agencies in proceedings by treasurer to recover unclaimed property. —
1. The expiration of any period of time specified by law during which an action or proceeding may be commenced or enforced to secure payment of a claim for money or recovery of property shall not serve as a defense in any action or proceeding brought by or on behalf of the treasurer against any federal or state government, or agency or entity thereof, for the payment or delivery of any abandoned property to the treasurer pursuant to sections 447.500 to 447.595, or to enforce or to collect any penalty provided by sections 447.500 to 447.595.
2. This section shall apply to all abandoned property held by any federal or state government, or agency or entity thereof, as of August 28, 1990, or any time thereafter, regardless of when such property became or becomes presumptively abandoned.
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(L. 1990 H.B. 1052, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.558 - Sale of property, when — publication of notice — purchaser's title — proceeds, deposit.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
447.558. Sale of property, when — publication of notice — purchaser's title — proceeds, deposit. —
1. All abandoned property delivered to the treasurer pursuant to sections 447.500 to 447.595 shall, within two years after the delivery, be sold by the treasurer to the highest bidder at public sale in whatever manner affords in the treasurer's judgment the most favorable market for the property involved. The treasurer may decline the highest bid and reoffer the property for sale if the treasurer considers the price bid insufficient. The treasurer need not offer any property for sale if, in the treasurer's opinion, the probable cost of sale exceeds the value of the property.
2. Any sale held pursuant to this section, except for the sale of marketable securities, shall be preceded by a single publication of notice thereof, at least three weeks in advance of sale, in a newspaper qualified to publish public notices as provided in chapter 493, published in the county, or if no such qualified paper is published in the county, then in a county adjacent to such county, and in the city, town, or village where the property is to be sold if the property is to be sold there.
3. The purchaser at any sale conducted by the treasurer pursuant to sections 447.500 to 447.595 shall receive title to the property purchased, free from all claims of the owner or prior holder thereof and of all persons claiming through or under them. The treasurer shall execute all documents necessary to complete the transfer of title.
4. The proceeds from the sale of abandoned property pursuant to this section shall forthwith be deposited in the abandoned funds account.
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(L. 1984 H.B. 1088 § 16, A.L. 1986 H.B. 1547, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.559 - Historical review of items by state historical society, when — fee, how determined.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2013, 2 histories
447.559. Historical review of items by state historical society, when — fee, how determined. —
All abandoned tangible personal property delivered to the treasurer pursuant to subdivision (4) of section 447.505 that has possible historical significance shall be reviewed as follows:
(1) The treasurer at the treasurer's discretion shall screen such property to determine if the property indicates a need for further review;
(2) In the event it is determined that such property needs further review, the treasurer shall make available such property to the state historical society of Missouri for historical review. The state historical society shall issue to the treasurer its report and recommend to the treasurer the appropriate state department or agency to act as custodian of any property deemed to be of such historical significance as to be retained;
(3) The state historical society shall receive a reasonable fee for its services. If the treasurer and the state historical society cannot agree on the amount of the fee, the commissioner of administration shall determine the fee. The fee shall be paid out of appropriations made from the abandoned fund account;
(4) The treasurer upon receiving military medals shall hold and maintain such military medals until the original owner or such owner's respective heirs or beneficiaries can be identified and the military medal returned. The treasurer is authorized to make the information described in subsection 4 of section 447.560 available to the public in order to facilitate the identification of the original owner or such owner's respective heirs or beneficiaries. The treasurer may designate a veterans' organization or other appropriate organization as custodian of military medals until the original owner or their respective heirs or beneficiaries are located and to assist the treasurer in identifying the original owner or such owner's respective heirs or beneficiaries; except that, no person or entity entering into an agreement under section 447.581 shall be designated by the treasurer as custodian of
*
military medals, and any agreement to pay compensation to recover or assist in the recovery of military medals delivered to the treasurer is unenforceable.
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(L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1998 H.B. 1510, A.L. 2010 H.B. 1524 & 2260, A.L. 2013 H.B. 702 merged with S.B. 186)
*Word "or" appears in original rolls.
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.561 - Destruction or disposal of property by treasurer if of no value — no liability for state or holder.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
447.561. Destruction or disposal of property by treasurer if of no value — no liability for state or holder. —
If the treasurer determines after investigation that any property delivered under the provisions of sections 447.500 to 447.595 has insubstantial commercial value, the treasurer may destroy or otherwise dispose of the property at any time. No action or proceeding may be maintained against this state or any of its officers or against the holder of any property for or on account of any action taken by the treasurer pursuant to the provisions of this section.
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(L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.562 - Claim to be filed for property delivered to the state, form, procedure, penalty — claims paid by holder, reimbursed by treasurer, when, exception.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2018, 2 histories
447.562. Claim to be filed for property delivered to the state, form, procedure, penalty — claims paid by holder, reimbursed by treasurer, when, exception. —
Any person claiming an interest in any moneys or property delivered to the state under sections 447.500 to 447.595 may file a claim to such property or to the proceeds from the sale thereof. The form of the claim shall be prescribed by the treasurer and shall be signed by the claimant and shall contain a statement that it is made under oath or affirmation and that its representations are true, correct and complete to the best knowledge and belief of the claimant, subject to the penalties of making a false affidavit or declaration. The form shall additionally contain the following statement: "Any person who assists in the recovery of property for a fee without being registered with the State Treasurer will be subject to penalties." Any holder who has paid moneys to the treasurer pursuant to sections 447.500 to 447.595 may make payment to any person appearing to the holder to be entitled thereto, and upon proof of the payment and proof that the payee was entitled thereto, the treasurer shall reimburse the holder for the payment at any time after the moneys or property is delivered to the state, unless the treasurer has already made payment to said person pursuant to a claim filed under the provisions of this section.
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(L. 1984 H.B. 1088 § 18, A.L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 2018 S.B. 644)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.565 - Hearing on claims by treasurer — payment of claim, amount, no charges authorized — interest — treasurer discharged from liability — claimant accountable to person with superior right.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
447.565. Hearing on claims by treasurer — payment of claim, amount, no charges authorized — interest — treasurer discharged from liability — claimant accountable to person with superior right. —
1. The treasurer shall consider any claim filed pursuant to sections 447.500 to 447.595 and may hold a hearing and receive evidence concerning it. If a hearing is held, the treasurer shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by the treasurer and the reasons for the treasurer's decision. The decision shall be a public record.
2. If the claim is allowed, the treasurer shall make payment forthwith. The claim shall be paid without deduction for costs of notices or sale or for service charges, and any such claim paid shall include interest, if the owner would have been entitled interest had the property not been presumed to be abandoned. Such interest shall equal the year-to-date annualized average rate of return on all funds invested by the state treasurer for each year of accrual and the previous year's annualized average rate of return for the current fiscal year, but shall not accrue more than seven years after such property has been determined to be abandoned and transferred to the custody of the state.
3. The treasurer
*
, after paying a claim, is discharged and released to the same extent as if the treasurer dealt with a legal representative of the owner. The treasurer is not required to see to the application of the payment or to inquire into the truth of any statement made in the claim except to the extent that confirmatory information is provided to the treasurer. Any claimant, attorney in fact, attorney, or anyone representing a claimant to whom payment is made is accountable therefor to any other person having a superior right to the payment.
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(L. 1984 H.B. 1088 § 19 subsecs. 1, 2, A.L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
*Word "treasure" appears in original rolls.
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.569 - Appeal of treasurer's decision or failure to act, when — report filed, deemed contested case.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2014
447.569. Appeal of treasurer's decision or failure to act, when — report filed, deemed contested case. —
1. Any claimant aggrieved by a decision of the treasurer or as to whose claim the treasurer has failed to act within ninety days after the filing of a claim shall be entitled to a hearing under the provisions of chapter 536, and the proceedings instituted by him shall be deemed a contested case under chapter 536.
2. Any holder who has filed a report under section 447.539 aggrieved by a decision of the treasurer shall be entitled to a hearing under the provisions of chapter 536, and the proceedings instituted by such holder shall be deemed a contested case under chapter 536.
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(L. 1984 H.B. 1088 § 20, A.L. 1993 H.B. 566, A.L. 2014 H.B. 1075)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.571 - Custody of property, powers of treasurer to receive or decline — failure to act, effect — postponing delivery, when, limitation.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
447.571. Custody of property, powers of treasurer to receive or decline — failure to act, effect — postponing delivery, when, limitation. —
The treasurer, after receiving reports of property deemed abandoned pursuant to sections 447.500 to 447.595, may decline to receive any property reported which the treasurer deems to have a value less than the cost of giving notice and holding sale, or the treasurer may, if the treasurer deems it desirable because of the small sum involved, postpone taking possession until a sufficient sum accumulates, but in no event shall the treasurer postpone taking possession for longer than one year. Unless the holder of the property is notified to the contrary within one hundred twenty days after filing the report required pursuant to section 447.539, the treasurer shall be deemed to have elected to receive the custody of the property. Nothing in this chapter shall prevent the treasurer from accepting property prior to the date it becomes unclaimed or abandoned as defined in sections 447.500 to 447.595.
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(L. 1984 H.B. 1088 § 21, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)