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If you find property in your name, click Claim or complete this specialized State and Local Government Claim Form and our team will help take care of the rest! Other securities may be sold over the counter at prices prevailing at the time of sale or by any other method the Treasurer considers advisable. | https://codes.findlaw.com/ms/title-89-real-and-personal-property/ms-code-sect-89-7-35/. They must pay property taxes for at least 2 years of the 10 years required for adverse possession. (2) Any certificate of deposit made in this state with a banking organization, together with an interest or dividend thereon, with a maturity date equal to or greater than ten (10) years shall be exempt from the time limit provisions of this chapter. Mississippi Code 89-7-35 (2018) - Justia Law (c) After the expiration of the time given in the owners notice, the owner shall publish, in legal notices, advertisement of the sale to the highest bidder in a newspaper of general circulation where the self-storage facility is located. You're all set! If five (5) dividends, distributions or other sums are paid during the five-year period, the time period leading to a presumption of abandonment commences on the date that payment of the first unclaimed dividend, distribution or other sum became due and payable. Abandoned property is property left behind intentionally and permanently, often by a tenant, when it appears that the former owner or tenant has no intent to reclaim or use it. Justia Free Databases of US Laws, Codes & Statutes. The owner has a lien upon all personal property located at a self-storage facility for rent, labor or other charges, present or future, in relation to the personal property and for expenses necessary for its preservation or expenses reasonably incurred in its sale or other disposition pursuant to Sections 85-7-121 through 85-7-129. Presumed abandonment of intangible property held by business association, federal, state or local government or governmental subdivision, agency or entity. 12 Uniform Disposition of Unclaimed Property Act, SEC. An inventory list or photographs of all abandoned items can provide legal protection. 15-1-13, 15). Any sale or disposition of the personal property shall be held at the self-storage facility or at the nearest suitable place to the place the personal property is held or stored. 12 Uniform Disposition of Unclaimed Property Act, SEC. Learn where you can find landlord-tenant laws on abandoned property in your state. Chapter 19 - Mississippi Conservation Easements. Additional conditions for presumption of abandonment of sum payable on money order, travelers check and the like. A person making a claim under this chapter after the expiration of the time period is entitled to receive either the securities delivered to the Treasurer by the holder, if they still remain in the hands of the Treasurer, or the proceeds received from sale, but no person has any claim under this chapter against the state, the holder, any transfer agent, registrar or other person acting for or on behalf of a holder for any appreciation in the value of the property occurring after delivery by the holder to the Treasurer.