HB 0597 Unclaimed/Abandoned Property Proceeds
Sponsor:MCCLELLAND Handling House Bill:
Committee:APRP LR Number:L0933.02P
Last Action:05/03/95 - Voted Do Pass S Appropriations Committee
Title:HCS/HB 597
Effective Date:August 28, 1995
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Current Bill Summary

HCS/HB 597 - This act pertains to unclaimed funds.

Whenever funds are placed in the "Abandoned Fund Account" due to abandonment under Section 447.520, RSMo (stocks, certificates) fifty percent of these abandoned funds shall, upon liquidation, be transferred from the account to the Budget Stabilization Fund created in Section 33.285, RSMo.