MO HB769

Excludes abandoned property from safe deposit boxes from the two-year sale requirement, subjecting them instead to a separate five-year timeframe before sale.

Allows the State Treasurer to sell abandoned property through online auction in addition to traditional public sales, whichever method provides the most favorable market.

Permits the Treasurer to use alternative promotional methods at their discretion instead of requiring newspaper publication, though newspaper notice remains an option for sales.

Maintains the Treasurer's authority to decline insufficient bids and reoffer property, and to withhold property from sale if the cost exceeds its value.

Requires all proceeds from property sales to be deposited into the abandoned funds account.