Missouri § 375.1224 - Unclaimed funds, deemed unclaimed property — effect.
Full text of Missouri Revised Statutes of Missouri § 375.1224 — Unclaimed funds, deemed unclaimed property — effect., with citation guidance and answers to common questions.
§ 375.1224. Unclaimed funds, deemed unclaimed property — effect.
1. All unclaimed funds subject to distribution remaining in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member or other person who is unknown or cannot be found, shall be deposited with the director of the department of economic development to be held and disposed of as provided by laws for unclaimed property.
2. All funds withheld under section 375.1212 which are not distributed shall upon discharge of the liquidator be deposited with the director of the department of economic development as provided by laws for unclaimed property and distributed by him in accordance with section 375.1218. Any sums remaining which under section 375.1218 would revert to the undistributed assets of the insurer shall be converted to cash and paid to the state treasurer for deposit to the general revenue fund of the state.
3. This section shall be applicable to proceedings instituted before and after August 28, 1991.
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(L. 1991 H.B. 385, et al. § 94, A.L. 1992 H.B. 1574)
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 375.1224
What does Revised Statutes of Missouri § 375.1224 cover?
Section 375.1224 ("Unclaimed funds, deemed unclaimed property — effect.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 375.1224?
A common citation format is "Revised Statutes of Missouri § 375.1224" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 375.1224 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.