447.549. Statute of limitations not a defense for governmental agencies in proceedings by treasurer to recover unclaimed property. - Missouri Statutes

Statute of limitations not a defense for governmental agencies inproceedings by treasurer to recover unclaimed property.

447.549. 1. The expiration of any period of time specifiedby law during which an action or proceeding may be commenced orenforced to secure payment of a claim for money or recovery ofproperty shall not serve as a defense in any action or proceedingbrought by or on behalf of the treasurer against any federal orstate government, or agency or entity thereof, for the payment ordelivery of any abandoned property to the treasurer pursuant tosections 447.500 to 447.595, or to enforce or to collect anypenalty provided by sections 447.500 to 447.595.

2. This section shall apply to all abandoned property heldby any federal or state government, or agency or entity thereof,as of August 28, 1990, or any time thereafter, regardless of whensuch property became or becomes presumptively abandoned.

(L. 1990 H.B. 1052, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)

Effective 7-1-94