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Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY

  Chapter 447back to chapter 447

  447.583.  Reciprocal agreements with other states — attorney general's duties, when. — 1.  The treasurer may enter into reciprocal agreements with other states to provide information needed to determine what abandoned property such states may be entitled to escheat if such other states or officials thereof agree to provide this state with information needed to enable this state to determine what abandoned property it may be entitled to escheat.

  2.  At the request of another state, the attorney general of this state may bring an action in the name of the other state, in any court of appropriate jurisdiction within this state, to enforce the abandoned property laws of the other state against a holder in this state of property subject to escheat by the other state if:

  (1)  The courts of the other state cannot obtain jurisdiction over the holder;

  (2)  The other state has agreed to bring actions in the name of this state at the request of the attorney general of this state to enforce the provisions of sections 447.500 to 447.595 against any person in the other state believed by the treasurer to hold property subject to escheat under the provisions of sections 447.500 to 447.595 when the courts of this state cannot obtain jurisdiction over such person;

  (3)  The other state has agreed to pay reasonable costs incurred by the attorney general in bringing the action; and

  (4)  The other state's laws do not require the holder to a greater duty than that provided in sections 447.500 to 447.595.

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(L. 1984 H.B. 1088 § 28, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)

Effective 7-01-94


< end of effective 01 Jul 1994 >

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