361.220. Index of persons entitled to unclaimed sums--payment to persons entitled. - Missouri Statutes

Index of persons entitled to unclaimed sums--payment to personsentitled.

361.220. 1. The director shall keep in his office an indexof the names of all persons for whom he holds in trust anyunclaimed deposits, dividends or interest and of the names of allpersons reported to him by any corporation as entitled to anysuch unclaimed deposits, dividends or interest held by suchcorporation.

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

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

(RSMo 1939 § 7899)

Prior revisions: 1929 § 5305; 1919 § 11693