Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-05-06

Sumed to have abandoned the same.
Section 2. CAD It shall be the duty
Of every banking institution which
holds on deposit or otherwise any
such fund, funds or property of
any kind, known by such banking
institution to have been abandoned,
as above set forth, to inform the
Attorney General Of such fact with
in thirty days after it becomes
known to such banking institution.
CD The cashier or managing Of
ficer of every banking institution
shall, within thirty days after the
first of January, annually return to
the Secretary Of State a sworn
statement in duplicate showing the
names of persons who have left on
deposit or otherwise any fund, funds
or property Of the value Of ten
dollars $4,000, or more, and have
abandoned the same as above set
forth unless such person is known
to such officer to be living. Such
statement shall show the amount
Of such deposit, including interest,
or the value and nature Of such
property, and the depositor's or
owners last known place Of resi-
dence or business. Such subscribing
officer shall certify that said re-
port is complete and correct state
ment of such unclaimed funds and
property to the best Of his know
ledge, after diligent inquiry. The
duplicate copy of such report shall
be delivered by the Secretary of
State to the Attorney General i'm
mediately upon its receipt.
Co The cashier or managing Of
ficer of every banking institution
shall. within thirty days after the
first day Of January, every five
years commencing January l, 1888,
return to the Secretary Of State,
a sworn statement showing the
names Of persons who have left on
deposit or otherwise any fund, funds
or property Of the value Of ten
dollars $4,000, or more, and have
not dealt with respect thereto for
a period of ten years by adding to
or withdrawing therefrom, or as
serting any claim to such fund,
funds or property for such period.
Such statement shall show the
amount Of such deposit, including
interest, or the value and nature
Of such property and the depositor's
or owners last known place Of
residence or business; such sub
scribing officer shall certify that
said report is complete and cor
rect statement of all such unclaim-
ed funds and property to the best
Of his knowledge, after diligent in
quiry.
Cd The Secretary Of State shall
have the aforementioned reports
permanently bound with an alpha
betical index Of the depositors, or
owners, with an appropriate refer
ence to the bound reports, and such
bound reports and index shall be
open to public inspection.
(e) A copy of the reports required
by paragraphs Co and CD, together
with a notice directed to whom it
may concern, stating that such
deposits or property have been un-
claimed for a period of ten or
twenty years. as the case may be,
and requesting all persons having
knowledge or information relative
to the whereabouts of such de-
positors or other possible claimants
to give such information to the
subscribing officer, shall be dis
played in a prominent place in
such bank for period Of thirty
days from the date of the filing
of such report.
Section (a). If, upon inveStiga-
ton, the Attorney General shall
conclude or have reason to believe
that any fund, funds or other prop
erty have been abandoned as above
set forth, he shall institute proper
proceedings under the provisions Of
this act, to have such funds or
property turned over to the Treas
urer Of the State Of Minnesota by
filing petition under oath in the
name of the State Of Minnesota
in the District Court of Ramsey
County, stating the name and last
known place OF residence or bust
ness Of the depoSitor or owner of
such funds or property and that
the owner or depoSitor has aband-
oned the same, and the names and
residence of other persons whether
members Of such depositor's or
owners family or otherwise of whom
inquiry may be made, whether or
not such owner or depoSitor is a
citizen Of the United States, and
if not, Of what country he is a
citizen or native and containing
a schedule of the amount of such
deposit including interest or the
value and nature of such property,
and praying that such property may
be taken possession of by the Treas
urer of the State of Minnesota.
CD The court may thereupon is
sue a warrant directed to the sher-
iff or his deputy, which may run
throughout the state, commanding
him to take possession Of the de-
post including interest or such
other property as it may be, and
hold it subject to the Order of the
Court and make return of said
warrant as soon as may be with
his doings thereon with state
ment of the amount of such deposit
including interest or a schedule of
the property SO taken. He shall
receive such fees for serving the
warrant as the court allows, but
not more than those established by
law for similar service upon writ
of attachment.
Co Upon the return Of such war
rant, the court may issue a notice
reciting the substance Of the petit
tiOn warrant and officers return