Mississippi House Bill 495 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on February 1 2011 - 100% progression
Action: 2011-02-01 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Enact The Mississippi Uniform Unclaimed Property Act; 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 Create The Abandoned Property Claims Payment Fund; 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; To Amend Sections 7-7-42, 39-5-23, 43-13-120 And 81-27-8.005, Mississippi Code Of 1972, To Conform To The Preceding Provisions; And For Related Purposes.

Uniform laws; enact Uniform Unclaimed Property Act.

Rep. Bobby Moak [D]

Date	Chamber	Action
2011-02-01		Died In Committee
2011-01-10		Referred To Judiciary A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0495.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0400-0499/HB0495IN.htm