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MO HB730
Bill
Status
2/27/2013
Primary Sponsor
Caleb Rowden
Click for details
AI Summary
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Repeals and reenacts Section 447.541 of Missouri law regarding notice requirements for lost or unclaimed property.
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Allows the state treasurer to use methods other than newspaper publication to notify owners of abandoned property, provided the method is deemed appropriate and consistent with the intent to notify owners.
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Permits the treasurer to use alternative methods to mail notices to persons with listed addresses entitled to property valued at $50 or more, within 120 days of receiving the report.
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Maintains existing requirements for the content of published notices, including alphabetical listing of names, last known addresses, property descriptions, and one-year claim deadlines.
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Requires the treasurer to work with other state agencies to provide notice to property holders regarding their rights and responsibilities under Missouri's unclaimed property laws.
Legislative Description
Allows the State Treasurer to use any other method of notification that he or she deems appropriate regarding abandoned property instead of the required publication in a newspaper
Last Action
Referred: General Laws(H)
3/28/2013