Missouri § 375.1224 Unclaimed funds, deemed unclaimed property — effect.

Missouri Statutes

§ 375.1224 — Unclaimed funds, deemed unclaimed property — effect.

Missouri § 375.1224

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 375Provisions Applicable to All Insurance Companies

This text of Missouri § 375.1224 (Unclaimed funds, deemed unclaimed property — effect.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 375.1224 (2026).

Text

1.All unclaimed funds subject to distribution remaining in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member or other person who is unknown or cannot be found, shall be deposited with the director of the department of economic development to be held and disposed of as provided by laws for unclaimed property.

2.All funds withheld under section 375.1212 which are not distributed shall upon discharge of the liquidator be deposited with the director of the department of economic development as provided by laws for unclaimed property and distributed by him in accordance with section 375.1218 . Any sums remaining which under section 375.1218 would revert to the undistributed assets of the ins

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1. All unclaimed funds subject to distribution remaining in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member or other person who is unknown or cannot be found, shall be deposited with the director of the department of economic development to be held and disposed of as provided by laws for unclaimed property.

2. All funds withheld under section 375.1212 which are not distributed shall upon discharge of the liquidator be deposited with the director of the department of economic development as provided by laws for unclaimed property and distributed by him in accordance with section 375.1218 . Any sums remaining which under section 375.1218 would revert to the undistributed assets of the insurer shall be converted to cash and paid to the state treasurer for deposit to the general revenue fund of the state.

3. This section shall be applicable to proceedings instituted before and after August 28, 1991.

Legislative History

(L. 1991 H.B. 385, et al. § 94, A.L. 1992 H.B. 1574) Dissolution of business, unclaimed intangible personal property presumed abandoned, when, 447.527