Property Ownership
Missouri's 'Uniform Disposition of Unclaimed Property Act' can affect real estate when:
AAbandoned property automatically belongs to the state
BProceeds from real estate transactions or security deposits that are unclaimed for a statutory period must be reported and remitted to the state✓ Correct
CVacant properties must be donated to municipalities
DAll un-sold listed properties become state property
Explanation
Missouri's unclaimed property law requires holders (including real estate brokers holding undeliverable earnest money or security deposits) to report and remit unclaimed funds to the state after the dormancy period, where they are held for the owners.
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