☰ Revisor of Missouri

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 470

< > Effective - 19 Jun 2002, 2 histories, see footnote (history) bottom

  *470.270.  Money or effects involved in litigation — disposition — unclaimed property, deemed unclaimed property, when. — 1. Notwithstanding any other provision of this chapter, after the owner, the owner's assignee, personal representative, grantee, heirs, devisees or other successors, entitled to any moneys, refund of rates or premiums or effects by reason of any litigation concerning rates, refunds, refund of premiums, fares or charges collected by any person or corporation in the state of Missouri for any service rendered or to be rendered in said state, or for any contract of insurance on property in this state, or under any contract of insurance performed or to be performed in said state, which moneys, refund of rates or premiums or effects have been paid into or deposited in connection with any cause in any court of the state of Missouri or in connection with any cause in any United States court, or so paid into the custody of any depositary, clerk, custodian, or other officer of such court, whether the same be afterwards transferred and deposited in the United States treasury or not, shall be and remain unknown, or the whereabouts of such person or persons shall be and has been unknown, for the period heretofore, or hereafter, of three successive years, or such moneys, refund of rates or premiums or effects remain unclaimed for the period heretofore, or hereafter, of three successive years, from the time such moneys or property are ordered repaid or distributed by such courts, such moneys or property shall be deemed abandoned and transferred to the state of Missouri, with all interest and earnings actually accrued thereon to the date of transfer of the same. All moneys or property transferring to the state pursuant to this section shall be deemed unclaimed property under the uniform disposition of unclaimed property act as set forth in chapter 447 and shall be treated in the same manner as all other unclaimed property under such act.

  2. In fiscal year 2003, the commissioner of administration shall estimate the amount of any additional state revenue received pursuant to subsection 3 of section 470.020 and shall transfer an equivalent amount of general revenue to the schools of the future fund created in section 163.005.

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(L. 1945 p. 915 § 1, A.L. 1947 V. 1 p. 297, A.L. 1990 H.B. 1052, A.L. 2002 S.B. 1248)

Effective 6-19-02

*This section was amended by both S.B. 810 and S.B. 1248 during the Ninety-first General Assembly, Second Regular Session, 2002. Due to possible conflict, both versions are printed here.

CROSS REFERENCE:

Disposition of excess charges by utilities on stay order of public service commission, 386.520


---- end of effective  19 Jun 2002 ----

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Effective End
470.270 8/28/2002
470.270 6/19/2002 8/28/2011

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