CAN’T MISS | Boy who found $10,000 won’t get to keep it thanks to old law

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KANSAS CITY, Mo. (May 15, 2014) – Tyler Schaefer did the right thing.

But the 10-year-old South Dakota boy who found $10,000 in cash in a Kansas City hotel room won’t get to keep the money after reporting it to police even though it remains unclaimed.

Tyler found the money in a hotel drawer last May. A year later, Kansas City police still have the cash. No one has stepped forward to claim it, but Tyler won’t ever get it.

The reason: a 1939 Missouri law has a long list of rules a person must follow to claim lost money. They have to file an affidavit with a court judge within 10 days and post a list describing the money on the courthouse door and four other public places in the city. Individuals also have to run ads in a local newspaper.

Tyler and his father didn’t make their filing in time; his father also said he couldn’t afford a lawyer to wade through the legal language.

“We wish the law allowed us to give it back to him,” said Capt. Tye Grant with the Kansas City Police Department told the Kansas City Star.

If the money remains unclaimed for four more years, it will go to the state treasurer’s office to be kept in a trust.

Source: Kansas City Star

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