PURPOSE: Sections 447.500–447.595, RSMo comprise the Missouri Uniform Disposition of Unclaimed Property Act. This rule defines property which is not deliverable to the state.

1. (1) When Subject to Act. A review of the Uniform Disposition of Unclaimed Property Act (Act) and 15 CSR 50-3.030 discloses that property without an apparent owner for varying periods (generally seven (7) years), but five (5) years after 1/1/2000) is subject to delivery to the state. The abandonment period begins effective August 13, 1984, with the initial report due on November 1 of the year in which the statutory period of abandonment for the property runs, as calculated prospectively from that date. Exceptions to this rule include:

   1. (A) Property in Possession of Probate Courts. The Act does not apply to final orders, judgments or decrees of distribution, or to abandoned property by probate courts nor to funds which are in the custody of courts per Chapter 470, RSMo;
   2. (B) Farm Credit Act. The Act does not apply to institutions chartered under the Farm Credit Act of 1971 which are commonly referred to as Production Credit Associations (PCAs); and
   3. (C) Holder Subject to Another State’s Jurisdiction. Property subject to sections 447.505, 447.510, 447.520, 447.527, 447.530 and 447.535, RSMo whose owner’s last known address is in another state and whose holder is subject to that other state’s jurisdiction is not deemed deliverable to Missouri if it is reportable or remitted to the other state and the other state has a reciprocal provision with Missouri (section 447.537, RSMo).

AUTHORITY: sections 447.517, 447.535, 447.539, 447.540 and 447.541.1 and 2, RSMo Supp. 1998 and 447.537 and 447.547.3 and 4, and 447.579, RSMo 1994.* This rule was previously filed as 4 CSR 25- 1.050. Original rule filed June 3, 1985, effective Sept. 27, 1985. Amended: Filed Oct. 3, 1991, effective May 14, 1992. Amended: Filed April 15, 1999, effective Sept. 30, 1999.

*Original authority: 447.517, RSMo 1984, amended 1994, 1998; 447.535, RSMO 1984, amended 1986, 1994, 1998; 447.537, RSMo 1984, amended 1994; 447.539, RSMo 1984, amended 1989, 1993, 1994, 1998; 447.540, RSMo 1990, amended 1998; 447.541, RSMo 1984, amended 1986, 1989, 1993, 1994, 1998; 447.547, RSMo 1984, amended 1989, 1990, 1993, 1994; 447.579, RSMo 1984, amended 1993, 1994.