75-3-914 - Disposition of unclaimed assets.
75-3-914. Disposition of unclaimed assets.
(1) If an heir, devisee or claimant cannot be found, the personal representative shalldistribute the share of the missing person to his conservator, if any, but otherwise to the statetreasurer for the benefit of the state school fund.
(2) The money received by the state treasurer shall be paid to the person entitled on proofof his right to it or, if the state treasurer refuses or fails to pay, the person may petition the courtwhich appointed the personal representative, whereupon the court upon notice to the statetreasurer may determine the person entitled to the money and order the treasurer to pay it to him.No interest is allowed thereon, and the heir, devisee, or claimant shall pay all costs and expensesincident to the proceeding.
Enacted by Chapter 150, 1975 General Session