470.010. Estates escheat, when. - Missouri Statutes

Estates escheat, when.

470.010. If any person die intestate, seized of any real or personalproperty, leaving no heirs or representatives currently capable ofinheriting the same; or, if upon final settlement of an executor oradministrator, there is a balance in his or her hands belonging to somelegatee or distributee who is a nonresident or who is not in a situation toreceive the same and give a discharge thereof or who does not appear byhimself or herself or agent to claim and receive the same; or, if uponfinal settlement of an assignee for the benefit of creditors, there shallremain in his or her possession any unclaimed dividends; or, if upon finalreport of any sheriff to the court, it is shown that the interests in theproceeds of the sale of land in partition of certain parties, who areabsent from the state, who are nonresidents, who are not known or named inthe proceedings, or who, from any cause, are not in a situation to receivethe same, are in his or her hands unpaid and unclaimed; or, if, upon finalsettlement of the receiver of any company or corporation which has beendoing business in this state, there is money in his or her hands unpaid andunclaimed, in each and every such instance such real and personal estateshall transfer to the state, subject to and in accordance with theprovisions of sections 470.010 to 470.220 and sections 447.500 to 447.595,RSMo.

(RSMo 1939 § 620, A.L. 2002 S.B. 1248)

Prior revisions: 1929 § 620; 1919 § 5309; 1909 § 6256

Effective 6-19-02

(1951) Where, after closing of banks, plans were adopted resulting in transfer of part of assets and equal percent of liabilities to another bank and remainder to liquidating trustees, transfer to trustees was assignment for benefit of creditors under this section, so that unclaimed liquidating dividends in hands of trustees escheat. Jones v. Fidelity Nat. Bank & Trust Co., 362 Mo. 712, 243 S.W.2d 970.