Section 345.51 — Judicial Action Upon Determinations.
345.51 JUDICIAL ACTION UPON DETERMINATIONS. Any person aggrieved by a decision of the commissioner or as to whose claim the commissioner has failed to act within 90 days after the filing of the claim, may commence an action in the district court to establish a claim. The proceeding shall be brought within 90 days after […]
Section 345.515 — Agreements To Locate Reported Property.
345.515 AGREEMENTS TO LOCATE REPORTED PROPERTY. It is unlawful for a person to seek or receive from another person or contract with a person for a fee or compensation for locating property, knowing it to have been reported or paid or delivered to the commissioner pursuant to chapter 345 prior to 24 months after the […]
Section 345.52 — Election To Take Payment Or Delivery.
345.52 ELECTION TO TAKE PAYMENT OR DELIVERY. The commissioner, after receiving reports of property deemed abandoned pursuant to sections 345.31 to 345.60, may decline to receive any property reported on deeming it to have a value less than the cost of giving notice and holding sale, or the commissioner may, on deeming it desirable because […]
Section 345.525 — Property Having No Apparent Commercial Or Historical Value.
345.525 PROPERTY HAVING NO APPARENT COMMERCIAL OR HISTORICAL VALUE. The commissioner may withhold the property from sales under this section. If it is determined that property delivered to the commissioner has no commercial or historical value the commissioner may thereafter destroy or otherwise dispose of the property, and in that event no action or proceeding […]
Section 345.37 — Property Held By Fiduciaries.
345.37 PROPERTY HELD BY FIDUCIARIES. All intangible personal property and any income or increment thereon, held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner has, within three years after it becomes payable or distributable, increased or decreased the principal, accepted payment of principal or income, corresponded in […]
Section 345.38 — Property Held By State Courts And Public Officers And Agencies.
345.38 PROPERTY HELD BY STATE COURTS AND PUBLIC OFFICERS AND AGENCIES. Subdivision 1. Personal property held by court or public authority. All intangible personal property held for the owner by any court, public corporation, public authority or public officer of this state, or a political subdivision thereof, that has remained unclaimed by the owner for […]
Section 345.381 — Property Held By Minnesota Public Pension Fund.
345.381 PROPERTY HELD BY MINNESOTA PUBLIC PENSION FUND. No amounts of money held or owing by a public pension fund enumerated in section 356.20, subdivision 2, or 356.30, subdivision 3, or governed by sections 424A.091 to 424A.096 or Laws 2013, chapter 111, article 5, sections 31 to 42, may be presumed to have been abandoned […]
Section 345.39 — Miscellaneous Personal Property Held For Another Person.
345.39 MISCELLANEOUS PERSONAL PROPERTY HELD FOR ANOTHER PERSON. Subdivision 1. Presumed abandonment. All intangible personal property, not otherwise covered by sections 345.31 to 345.60, including any income or increment thereon, but excluding any charges that may lawfully be withheld, that is held or owing in this state in the ordinary course of the holder’s business […]
Section 345.40 — Reciprocity For Property Presumed Abandoned Or Escheated Under The Laws Of Another State.
345.40 RECIPROCITY FOR PROPERTY PRESUMED ABANDONED OR ESCHEATED UNDER THE LAWS OF ANOTHER STATE. If specific property which is subject to the provisions of sections 345.32, 345.35, 345.36, 345.37 and 345.39 is held for or owed or distributable to an owner whose last known address is in another state by a holder who is subjected […]
Section 345.41 — Report Of Abandoned Property.
345.41 REPORT OF ABANDONED PROPERTY. (a) Every person holding funds or other property, tangible or intangible, presumed abandoned under sections 345.31 to 345.60 shall report annually to the commissioner with respect to the property as hereinafter provided. (b) The report shall be verified and shall include: (1) a description of the property, including whether the […]