70-9-210. Intangible property issued in state by entity created by state -- presumptions of abandonment. (1) Intangible property is presumed abandoned and subject to the custody of this state as unclaimed property if:
     (a) the owner has not claimed or corresponded in writing concerning the property within 5 years after the date prescribed for payment or delivery;
     (b) the address of the owner is unknown; and
     (c) the entity originating or issuing the intangible property is the state or a local political subdivision of the state or is or at the relevant time was incorporated, organized, or created in the state.
     (2) For the purposes of this section, intangible property includes but is not limited to interest, dividends, or other earnings of the intangible property, less lawful charges, held by a business association, governmental entity, or other person or entity.

     History: En. Sec. 1, Ch. 654, L. 1991.