Mississippi Legislature
2004 Regular Session

Senate Bill 2929

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Bill Text

History of Actions

Background

Title

Description: Property; Uniform Unclaimed Property Act (NCCUSL).

Bill Text: [Introduced]

History of Actions:

1 02/23 (S) Referred To Judiciary, Division A
2 03/09 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2004
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Tollison

Code Sections: RP 089-0012-0001, RP 089-0012-0003, RP 089-0012-0005, RP 089-0012-0007, RP 089-0012-0009, RP 089-0012-0011, RP 089-0012-0013, RP 089-0012-0015, RP 089-0012-0017, RP 089-0012-0019, RP 089-0012-0021, RP 089-0012-0023, RP 089-0012-0025, RP 089-0012-0027, RP 089-0012-0029, RP 089-0012-0031, RP 089-0012-0033, RP 089-0012-0035, RP 089-0012-0037, RP 089-0012-0039, RP 089-0012-0041, RP 089-0012-0043, RP 089-0012-0045, RP 089-0012-0047, RP 089-0012-0049, RP 089-0012-0053, RP 089-0012-0055, RP 089-0012-0057

Title: AN ACT TO ENACT THE UNIFORM UNCLAIMED PROPERTY ACT OF 2003; TO PROVIDE THAT THE STATE TREASURER SHALL BE THE ADMINISTRATOR OF UNCLAIMED PROPERTY IN MISSISSIPPI; TO SET FORTH DEFINITIONS; TO PROVIDE PRESUMPTIONS OF ABANDONMENT; TO PROVIDE RULES FOR TAKING CUSTODY OF ABANDONED PROPERTY; TO ESTABLISH THE BURDEN OF PROOF AS TO PROPERTY EVIDENCED BY RECORD OF CHECK OR DRAFT; TO PROVIDE FOR THE REPORTING OF ABANDONED PROPERTY; TO PROVIDE FOR THE PAYMENT OR DELIVERY OF ABANDONED PROPERTY; TO PROVIDE FOR NOTICE AND PUBLICATION OF LISTS OF ABANDONED PROPERTY; TO ESTABLISH CUSTODY OF ABANDONED PROPERTY IN THE STATE; TO PROVIDE FOR RECOVERY OF ABANDONED PROPERTY BY THE HOLDER AND FOR DEFENSES OF THE HOLDER; TO PROVIDE FOR THE CREDITING OF DIVIDENDS, INTEREST AND INCREMENTS TO THE OWNER'S ACCOUNT; TO PROVIDE FOR PUBLIC SALE OF ABANDONED PROPERTY; TO PROVIDE FOR THE DEPOSIT OF FUNDS RECEIVED UNDER THIS ACT; TO PROVIDE FOR THE MANNER OF MAKING A CLAIM OF ANOTHER STATE TO RECOVER PROPERTY; TO PROVIDE FOR THE FILING AND HANDLING OF CLAIMS BY THE ADMINISTRATOR; TO CREATE AN ACTION TO ESTABLISH A CLAIM; TO ALLOW THE ADMINISTRATOR TO ELECT WHETHER TO TAKE PAYMENT OR DELIVERY OF UNCLAIMED PROPERTY; TO PROVIDE IMMUNITY FROM LIABILITY FOR THE DESTRUCTION OR DISPOSITION OF PROPERTY HAVING NO SUBSTANTIAL COMMERCIAL VALUE; TO PROVIDE PERIODS OF LIMITATION FOR MAKING CLAIMS UNDER THIS ACT; TO PROVIDE FOR THE PAYMENT OF INTEREST AND PENALTIES BY A HOLDER WHO FAILS TO REPORT, PAY, OR DELIVER PROPERTY IN ACCORDANCE WITH THE PROVISIONS OF THIS ACT; TO REPEAL SECTIONS 89-12-1 THROUGH 89-12-57, MISSISSIPPI CODE OF 1972, WHICH CONSTITUTE THE UNIFORM DISPOSITION OF UNCLAIMED PROPERTY ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/09/04 at 17:46.

End Of Document
2004/pdf/History/SB/SB2929.htm