If an owner does not regain possession of the property in the one-year period following entry of an order granting temporary possession of the property to the organization, the organization may file a petition for judicial deed and, upon due notice to the named defendants, an order may be entered granting a quitclaim judicial deed to the organization. A conveyance by judicial deed shall operate to extinguish all existing ownership interests in, liens on, and other interest in the property, except tax liens. Any party in interest of the property shall present any claim for compensation prior to the entering of the court order conveying title to the organization.
Mo. Rev. Stat. § 447.640
Quitclaim judicial deed may be granted, conditions, effect
Known as the Uniform Disposition of Unclaimed Property Act
The act spans §§ 447–447 (75 sections).
Effective: 28 Aug 2005, 2 histories; (L. 1993 S.B. 376 § 11, A.L. 1994 S.B. 513, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126, A.L. 2005 H.B. 58)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.