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2020 Mississippi Code
Title 89 - Real and Personal Property
Chapter 12 - Uniform Disposition of Unclaimed Property Act
§ 89-12-13. Presumed abandonment of intangible personal property held by fiduciary
Universal Citation:
MS Code § 89-12-13 (2020)
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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.
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