All intangible personal property not otherwise covered by the provisions of this chapter, including any income or increment thereon and deducting any charges that may have accrued, that is held in the ordinary course of the holder’s business and has remained unclaimed by the owner for more than five (5) years after it became payable or distributable shall be presumed abandoned.
Miss. Code Ann. § 89-12-15
Presumed abandonment of intangible personal property held in ordinary course of holder’s business
Known as the Uniform Disposition of Unclaimed Property Act
The act spans §§ 89–89 (33 sections).
Laws, 1982, ch. 497, § 8; Laws, 1991, ch. 451, § 8, eff from and after July 1, 1991.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.