Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 50 - Treasurer › Chapter 3 - Unclaimed Property › Section 15 CSR 50-3.010 - Unclaimed Property-General Considerations

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment corrects two (2) misspellings
				  and one (1) grammatical error.
(1) Administration. The Uniform Disposition
				of Unclaimed Property Act (Act) places the responsibilities and duties of
				administration on the state treasurer who has explicit authority to delegate
				the duties to division directors or employees as deemed appropriate. The state
				treasurer has a division which is known as the Unclaimed Property Division
				(division), to which s/he has assigned the routine administrative duties of the
				Act (section
				447.572,
				RSMo).
(2) Communications. The
				division will conduct business and the public record is available for
				inspection during normal business hours Monday through Friday, of all state
				government work days, in Room 156 of the Harry S Truman State Office Building,
				301 West High Street, Jefferson City, Missouri 65101. In-person visits to the
				division are permitted, but appointments are not required. The public record is
				available for sale in printout form. The public record shall not be subject to
				public inspection or available for copying, reproduction, or scrutiny by
				commercial or professional locators of property presumed abandoned who charge
				any service or finders' fees until ninety (90) days after the names of the
				people to whom property is owed have been published or officially disclosed.
				Any written inquiries regarding the Act or the availability of the public
				record should be directed to: Unclaimed Property Division, PO Box 1004,
				Jefferson City, MO 65102. The division telephone number is (573) 751-0840. For
				Relay Missouri/Deaf TTY, please use (800) 735-2966. Absolutely no collect calls
				will be accepted.
(3) Information
				Made Public. Notwithstanding the limitations included in section (2), the
				public record available for review shall include the name and last known
				address of each person appearing in a holder's report, and the name and last
				known address of each insured person or annuitant, and with respect to each
				policy or contract listed in the report of a life insurance corporation, its
				number and the name of the corporation, and the amount due. No other
				information provided to the treasurer, including Social Security numbers or
				other identifying information, shall be made available, except that if the
				amount turned over to the state is less than fifty dollars ($50), the amount
				reported may be made available as public information.
(4) Unclaimed Property Abandoned Fund Account
				Balances. Whenever the fund balance exceeds one-twelfth (1/12) of the previous
				fiscal year's total disbursement from the fund, the treasurer may transfer to
				the general revenue of the state the balance of the fund that exceeds
				one-twelfth (1/12) of the previous fiscal year's total disbursement from the
				fund. The treasurer shall make such a transfer at least once every fiscal year.
				Whenever the balance drops below one twenty-fourth (1/24) of the previous
				fiscal year's total disbursement from the fund, the treasurer shall transfer
				from the general funds of the state an amount which is sufficient to restore
				the balance to one-twelfth (1/12) of the previous fiscal year's total
				disbursement from the fund.
*Original authority: 447.543, RSMo 1984, amended 1986,
					 1989, 1993, 1994, 1998; 447.572, RSMo 1984, amended 1989, 1993, 1994, 1998; and
					 447.579, RSMo 1984, amended 1993, 1994.