Section 361.220

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 361

Effective - 28 Aug 1939   

  361.220.  Index of persons entitled to unclaimed sums — payment to persons entitled. — 1.  The director shall keep in his office an index of the names of all persons for whom he holds in trust any unclaimed deposits, dividends or interest and of the names of all persons reported to him by any corporation as entitled to any such unclaimed deposits, dividends or interest held by such corporation.

  2.  Whenever any person shall show by evidence satisfactory to the director that he is lawfully entitled to receive any such money the director shall indicate to him the corporation by which it is held, or, if the director holds such money in trust, he may pay it over to such person.

  3.  In case of doubt or conflicting claims, he may require of the claimant an order of the circuit court authorizing and directing the payment thereof, but for any payment made by him in good faith, by check or order payable to the creditor, depositor, stockholder or shareholder appearing from the record in his office to be entitled thereto, he shall be held harmless and shall not be liable to any subsequent claimant.

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(RSMo 1939 § 7899)

Prior revisions: 1929 § 5305; 1919 § 11693