{"data":{"id":"us-mo/mo.-rev.-stat.-351.1150","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 351.1150","heading":"Unclaimed property, how treated.","body":"1. A cooperative may, in lieu of paying or delivering to the state the unclaimed property specified in its report of unclaimed property filed under section 447.539:\n(1) Distribute the unclaimed property to a business entity or organization that is exempt from taxation; or\n(2) Retain the unclaimed property as operational reserve funds.\n2. The right of an owner to unclaimed property held by a cooperative is extinguished when the property is disbursed by the cooperative to a tax exempt organization or retained by the cooperative as set forth in subsection 1 of this section if:\n(1) A reasonable effort to distribute the property to the member has been made by the cooperative; and\n(2) (a) Notice that the payment is available has been mailed to the last known address of the person shown by the records to be entitled to the property; or\n(b) If the member's address is unknown, notice is published in an official publication of the cooperative; and\n(3) The cooperative has received no response from the member within the two-year period following the date such notice was mailed or published as the case may be.","path":["Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS","Chapter 351 - General and Business Corporations"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=351.1150","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:27Z","sha256":"a18badc703d34491d839d0238703623e6903fffe33bfd41117b532e093c02d58","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-351.1147","next":"us-mo/mo.-rev.-stat.-351.1153"},"notice":"GroundRules: Original legal text. Not legal advice."}