§ 447.040 — Procedure if no owner appears, when.

Missouri § 447.040

• Jurisdiction: Missouri
• Title XXIX: OWNERSHIP AND CONVEYANCE OF PROPERTY
• Ch. 447: Lost and Unclaimed Property

Text

If no owner appear and prove the money or property within forty days, and the value exceed twenty dollars, the finder shall, within thirty days thereafter, cause a copy of the description to be inserted in some newspaper of general circulation, qualified pursuant to chapter 493 , and located in the county where the money or property was found, once per week for three consecutive weeks; and if no owner prove the property within one hundred eighty days after such publication, the same shall vest in the finder.

Legislative History

(RSMo 1939 § 15320, A.L. 2003 S.B. 288) Prior revisions: 1929 § 14230; 1919 § 7290; 1909 § 8271 (1964) Supreme Court did not have jurisdiction of appeal where minority stockholder contended majority stockholders had improperly purchased stock from another corporation in which they held controlling interest for $1,250,000, substantially in excess of its worth, but expressly alleged that exact amount of losses resulting was unknown to him and could only be ascertained by an accounting. Molasky v. Lapin (Mo.), 384 S.W.2d 613. (1967) Only the interest earned prior to judgment date and the principal are computed to determine the jurisdictional amount in dispute on appeal. Missouri Pacific Railroad Company v. Terrell (A.), 410 S.W.2d 356.