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Mississippi Due Diligence Requirements Mississippi requests that holders send due diligence notifications to the owner for any property with a value of $50 or more at least 60 days before the report is filed.
Make a Claim in 3 Steps Print and complete the Unclaimed Property Claim Form. Have your completed form notarized. Be sure to include the property identification number: . Mail your completed and notarized form to: Office of the State Treasurer. Unclaimed Property Division. P.O. Box 138. Jackson, MS 39205.
The Mississippi Unclaimed Property Act requires businesses and other organizations to report to the State Treasurer certain funds and securities that have remained unclaimed for 5 years.
All property the tenant leaves on the premises seventy-two (72) hours after the execution of the warrant for removal shall be deemed abandoned and may be disposed of by the landlord without further notice or obligation to the tenant.
The purpose of due diligence is to reunite property with owners rather than transferring it to the State. Send the due diligence letter via mail (or electronically with the owner's prior consent). Send the due diligence letter to the owner's address of record (or electronically with the owner's prior consent).
Beginning your search is as easy as 1-2-3! Visit Treasury.MS.gov or click here. Type your last name into the Unclaimed Money search box. Click Go!
Under Mississippi law, a squatter is allowed to claim adverse possession after 10 years of continuous possession and two years of paying taxes. This leads to a change of legal ownership over the property.