HB 1477: Safe deposit boxes; provide escheatment process for.

Summary

An Act To Provide For A Safe Deposit Box Escheatment Process; To Require Banks And Financial Organizations To Provide Certain Notice To Persons Who Have Not Paid Rent For Their Safe Deposit Boxes; To Authorize Such Banks And Financial Organizations To Open The Safe Deposit Box After Proper Notice; To Authorize The State Treasurer To Receive Contents From The Abandoned Safe Deposit Box And Sell The Contents At Public Auction; To Amend Section 89-12-3, Mississippi Code Of 1972, To Define "last Known Address" And "lawful Charges" For The Purposes Of This Act; To Amend Sections 89-12-5, 89-12-11, 89-12-17, 89-12-30, 89-12-31 And 7-7-42, Mississippi Code Of 1972, To Modernize Certain Provisions Relating To Abandoned And Unclaimed Property Under The Uniform Disposition Of Unclaimed Property Act; To Bring Forward Section 81-5-64, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.

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Mar 11, 2026

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