Missouri Laws 361.220 – Index of persons entitled to unclaimed sums — payment to persons entitled
1. The director shall keep in his office an index of the names of all persons for whom he holds in trust any unclaimed deposits, dividends or interest and of the names of all persons reported to him by any corporation as entitled to any such unclaimed deposits, dividends or interest held by such corporation.
2. Whenever any person shall show by evidence satisfactory to the director that he is lawfully entitled to receive any such money the director shall indicate to him the corporation by which it is held, or, if the director holds such money in trust, he may pay it over to such person.
Terms Used In Missouri Laws 361.220
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
3. In case of doubt or conflicting claims, he may require of the claimant an order of the circuit court authorizing and directing the payment thereof, but for any payment made by him in good faith, by check or order payable to the creditor, depositor, stockholder or shareholder appearing from the record in his office to be entitled thereto, he shall be held harmless and shall not be liable to any subsequent claimant.