Rule 38-4-2.1 - Certificates of Deposit Subject to the provisions of the Act, the following property held or owing by a banking or financial organization shall be presumed abandoned:
A. Any matured certificate of deposit made in this state, upon maturity, if such certificate of deposit had a maturity term equal to or greater than TEN (10) years, together with any interest thereon, excluding any charges that may have accrued, unless the owner has, within FIVE (5) consecutive years prior to maturity: 1. Increased or decreased the amount of the certificate of deposit, or presented the passbook or other similar evidence of the deposit for the crediting of interest;2. Corresponded in writing with the banking organization or financial organization concerning the certificate of deposit; or3. Otherwise indicated an interest in the certificate of deposit as evidenced by a memorandum on file with the banking organization or financial organization.B. Any matured certificate of deposit made in this state, five years after maturity, if such certificate of deposit had a maturity term less than TEN (10) years, together with any interest thereon, excluding any charges that may have accrued, unless within the previous FIVE (5) consecutive years:1. The certificate of deposit had not yet matured;2. The owner increased or decreased the amount of the deposit, or presented the passbook or other similar evidence of the deposit for the crediting of interest;3. The owner corresponded in writing with the banking organization or financial organization concerning the deposit; or4. The owner otherwise indicated an interest in the deposit as evidenced by a memorandum on file with the banking organization or financial organization.Miss. Code Ann. Sections 89-12-5, 89-12-49.