447.536. Abandonment period, effective when. - Missouri Statutes

Abandonment period, effective when.

447.536. Except for the abandonment period for travelers checks andmoney orders provided for in subdivision (3) of section 447.505; theabandonment period for dissolution of business associations, bankingorganizations and financial organizations as provided for in section447.527; and the abandonment period for court-related bond proceeds asprovided for in section 447.595; all other abandonment periods referencedin sections 447.505 to 447.595, shall change from seven to five yearsbeginning January 1, 2000. The abandonment periods provision of thissection shall not apply to property which is held pursuant to anyresolution, order or trust indenture entered into prior to August 28, 1998,by a city, county, school district, authority, agency or other politicalsubdivision where the abandonment period or other abandonment provisionspecified in the resolution, order or trust indenture is different than theabandonment period specified in this section.

(L. 1998 H.B. 1510)