PURPOSE: Sections 447.500–477.595, RSMo comprise the Missouri Unclaimed Property Act. This rule outlines the guidelines of the Office of the Missouri State Treasurer regarding the sale of abandoned property.

1. (1) Within two (2) years of delivery, section 447.558, RSMo authorizes the division to sell all property delivered to the director at a public sale. The division shall hold property a minimum of six (6) months from the date of delivery before it may be sold. Except for marketable securities, no property shall be sold by the division, unless it has been advertised in accordance with section 447.541, RSMo.
2. (2) No employee of the Office of the State Treasurer or immediate members of an employee’s family, directly or indirectly, shall knowingly become the purchaser of any property sold at a sale under the provisions of sections 447.500- 447.595, RSMo, nor shall the employee bid at any such sale, or be personally interested in the sale, or directly benefit from the sale in any manner whatsoever.

AUTHORITY: sections 447.541 and 447.558, RSMo 2016.* This rule was previously filed as 4 CSR 25-1.100. Original rule filed Oct. 3, 1991, effective May 14, 1992. Amended: Filed April 15, 1999, effective Sept. 30, 1999. Amended: Filed May 30, 2019, effective Nov. 30, 2019. *Original authority: 447.541, RSMo 1984, amended 1986, 1989, 1993, 1994, 1998 and 447.558, RSMo 1984, amended 1986, 1993, 1994, 1998.