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Can you summarize MSAC Title 38, Part 4?
TREASURY DEPARTMENT > Uniform Disposition of Unclaimed Property Act
Short Summary
The provided legal document content pertains to the Uniform Disposition of Unclaimed Property Act in Mississippi. It authorizes the Mississippi State Treasurer to adopt necessary rules and regulations to carry out the provisions of the Act. The document provides definitions for key terms and concepts related to the Act and references the relevant sections of the Mississippi Code Annotated. It outlines the presumption of abandonment for matured certificates of deposit held by banking or financial organizations, as well as intangible assets in safe deposit boxes and unpaid wages. The document also covers reporting requirements for holders of unclaimed property, examinations conducted by the Treasurer, filing a protest or commencing legal action, and the confidentiality of certain information. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Mississippi State Treasurer, holders of unclaimed property, claimants
What does it govern?
Uniform Disposition of Unclaimed Property Act
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties for non-compliance or violation are mentioned in these documents.
Jurisdiction
Mississippi