Subject to the provisions of Section 89-12-17, any intangible personal property and any income or increment thereon, held in a fiduciary capacity for the benefit of another person shall be presumed abandoned unless the owner has, within five (5) years after it became payable or distributable, increased or decreased the principal, accepted payment of principal or income, corresponded in writing concerning the property or otherwise indicated an interest as evidenced by a memorandum or other record on file with the fiduciary.
Structure Mississippi Code
Title 89 - Real and Personal Property
Chapter 12 - Uniform Disposition of Unclaimed Property Act
§ 89-12-9. Presumed abandonment of funds held or owing by utility
§ 89-12-13. Presumed abandonment of intangible personal property held by fiduciary
§ 89-12-17. Additional conditions for presumption of abandonment of intangible personal property
§ 89-12-33. Owner entitled to further income or increments
§ 89-12-35. Effect of expiration of period of limitation
§ 89-12-41. Judicial review of action of treasurer upon claim
§ 89-12-43. Treasurer may decline to receive property presumed abandoned
§ 89-12-49. Rules and regulations
§ 89-12-53. Chapter inapplicable to property of minor or incompetent
§ 89-12-55. Uniformity of interpretation
§ 89-12-57. Provisions of chapter supplemental to Section 21-39-21