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Section: 447.0585 Another state may recover property from state of Missouri, when. RSMO 447.585


Published: 2015

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Missouri Revised Statutes













Chapter 447

Lost and Unclaimed Property

←447.584

Section 447.585.1

447.587→

August 28, 2015

Another state may recover property from state of Missouri, when.

447.585. 1. At any time after property has been paid for or delivered to

the state under the provisions of sections 447.500 to 447.595, another state

is entitled to recover the property if:



(1) The last known address of the apparent owner of the property

appearing on the records of the holder is in such other state and, under the

laws of that state, the property has escheated to that state;



(2) The property is the sum payable on a traveler's check, money order,

or other similar instrument that escheated to this state and the traveler's

check, money order, or other similar instrument was in fact purchased in such

other state, and, under the laws of that state, the property escheated to

that state; or



(3) The property is funds held or owing by a life insurance corporation

that escheated to this state pursuant to sections 447.500 to 447.595, the

last known address of the person entitled to the funds was in fact in such

other state, and, under the laws of that state, the property escheated to

that state.



2. The claim of another state to recover escheated property under the

provisions of this section shall be presented in writing to the treasurer,

who shall treat the claim as if it were filed under section 447.562.



(L. 1984 H.B. 1088 § 29, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)



Effective 7-1-94







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