Unclaimed Property—General Considerations

PURPOSE: Sections 447.500–447.595, RSMo comprise the Missouri Uniform Disposition of Unclaimed Property Act. This rule explains how to contact the administering agency. (1) Administration. The Uniform Disposition of Unclaimed Property Act (Act) places the responsibilities and duties of administration on the state treasurer who has explicit authority to delegate the duties to division directors or employees as deemed appropriate. The state treasurer has a division which is known as the Unclaimed Property Division (division), to which s/he has assigned the routine administrative duties of the Act (section 447.572, RSMo). (2) Communications. The division will conduct business and the public record is available for inspection during normal business hours Monday through Friday, of all state government work days, in Room 156 of the Harry S Truman State Office Building, 301 West High Street, Jefferson City, Missouri 65101. In-person visits to the division are permitted, but appointments are not required. The public record is available for sale in printout form. The public record shall not be subject to public inspection or available for copying, reproduction, or scrutiny by commercial or professional locators of property presumed abandoned who charge any service or finders’ fees until ninety (90) days after the names of the people to whom property is owed have been published or officially disclosed. Any written inquiries regarding the Act or the availability of the public record should be directed to: Unclaimed Property Division, PO Box 1004, Jefferson City, MO 65102. The division telephone number is (573) 751-0840. For Relay Missouri/Deaf TTY, please use (800) 735-2966. Absolutely no collect calls will be accepted. (3) Information Made Public. Notwithstanding the limitations included in section (2), the public record available for review shall include the name and last known address of each person appearing in a holder’s report, and the name and last known address of each insured person or annuitant, and with respect to each policy or contract listed in the report of a life insurance corporation, its number and the name of the corporation, and the amount due. No other information provided to the treasurer, including Social Security numbers or other identifying information, shall be made available, except that if the amount turned over to the state is less than fifty dollars ($50), the amount reported may be made available as public information. (4) Unclaimed Property Abandoned Fund Account Balances. Whenever the fund balance exceeds one-twelfth (1/12) of the previous fiscal year’s total disbursement from the fund, the treasurer may transfer to the general revenue of the state the balance of the fund that exceeds one-twelfth (1/12) of the previous fiscal year’s total disbursement from the fund. The treasurer shall make such a transfer at least once every fiscal year. Whenever the balance drops below one twentyfourth (1/24) of the previous fiscal year’s total disbursement from the fund, the treasurer shall transfer from the general funds of the state an amount which is sufficient to restore the balance to one-twelfth (1/12) of the previous fiscal year’s total disbursement from the fund. AUTHORITY: sections 447.543, 447.572, and 447.579, RSMo 2016.* This rule was previously filed as 4 CSR 25-1.010. Original rule filed June 3, 1985, effective Sept. 27, 1985. Amended: Filed Oct. 3, 1991, effective May 14, 1992. Amended: Filed April 15, 1999, effective Sept. 30, 1999. Amended: Filed May 30, 2019, effective Nov. 30, 2019. *Original authority: 447.543, RSMo 1984, amended 1986, 1989, 1993, 1994, 1998; 447.572, RSMo 1984, amended 1989, 1993, 1994, 1998; and 447.579, RSMo 1984, amended 1993, 1994.