447.561. Destruction or disposal of property by treasurer if of no value--no liability for state or holder. - Missouri Statutes

Destruction or disposal of property by treasurer if of no value--noliability for state or holder.

447.561. If the treasurer determines after investigationthat any property delivered under the provisions of sections447.500 to 447.595 has insubstantial commercial value, thetreasurer may destroy or otherwise dispose of the property at anytime. No action or proceeding may be maintained against thisstate or any of its officers or against the holder of anyproperty for or on account of any action taken by the treasurerpursuant to the provisions of this section.

(L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)

Effective 7-1-94