456.037. Trust property--when deemed unclaimed. - Missouri Statutes

Trust property--when deemed unclaimed.

456.037. 1. Property of any kind remaining in a trust which is notsubject to administration or distribution to or for an identifiablebeneficiary may be deemed to be unclaimed property when the trustee, afterreasonable and diligent search, is unable to find or ascertain theexistence of any heirs, legal representatives, successors or assigns of anybeneficiary to whom such property is distributable by the trust instrument,by any other instrument pertaining to the trust estate, or by the laws ofMissouri.

2. Property of any kind remaining in a trust, which is distributableto or for the benefit of an identified beneficiary, may be deemed to beunclaimed when such beneficiary has, for three years after a good faithattempt to notify him in writing of his right to such property, failed orrefused to claim the property.

(L. 1983 H.B. 117, A.L. 2004 H.B. 1511)

*Transferred 2004; formerly 456.640