556.9  Miscellaneous personal property held for another person.

All intangible personal property, not otherwise covered by this chapter, including any income or increment thereon and deducting any lawful charges, that is held or owing in this state in the ordinary course of the holder's business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned.

Section History: Early form

  [C71, 73, 75, 77, 79, 81, § 556.9]

Section History: Recent form

  84 Acts, ch 1295, § 13

Internal References

  Referred to in § 556.10

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