89-12-16 - Presumed abandonment of tangible personal property or intangible personal property held by federal government, federal agency, or any officer or appointee thereof. - Mississippi Statutes

§ 89-12-16. Presumed abandonment of tangible personal property or intangible personal property held by federal government, federal agency, or any officer or appointee thereof.
 

(1)  All tangible personal property or intangible personal property, including choses in action in amounts certain, and all debts owed or entrusted funds or other property held by the federal government, or any federal agency, or any officer, or appointee thereof, shall be presumed abandoned in this state if the last known address of the owner of the property is in this state and the property has remained unclaimed for five (5) years. 

(2)  This section shall apply to all abandoned property held by the federal government, or any federal agency, or any officer, or any appointee thereof, at the time of the effective date of this section, or at any time thereafter, regardless of when such property became presumptively abandoned. 
 

Sources: Laws,  1991, ch. 451, § 9, eff from and after July 1, 1991.