reglab/statecodes huggingface dataset:
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.12 — Sale; Proceeds.

345.12 SALE; PROCEEDS.
The proceeds of the sale shall be applied to the payment of the charges of the storage company and the expense of sale, and any surplus shall be at once paid to the county treasurer, with a statement, as hereinbefore prescribed, and be disposed of as so provided.
History:
(7310) RL s 2808
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.13 — Warehouse Operator's Bond.

345.13 WAREHOUSE OPERATOR'S BOND.
Before any warehouse operator or storage company shall be entitled to the benefit of the provisions of this chapter, such warehouse operator or storage company shall give bond to the state, to be approved by the governor, in the sum of $10,000, conditioned for the faithful performance of all duties enjoined upon the obligor under this chapter, which bond shall be for the use of any party interested, and shall be filed in the Office of the Court Administrator of the district court of the county where the business of such warehouse operator is conducted.
History:
(7311) RL s 2809; 1986 c 444; 1Sp1986 c 3 art 1 s 82
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.14 — Fees Of Court Administrators.

345.14 FEES OF COURT ADMINISTRATORS.
For services performed under the provisions of this chapter, court administrators of district court shall be allowed $1 for each day, and peace officers the same fees as are allowed by law for sales upon execution, and ten cents per folio for making an inventory of the property.
History:
(7305) RL s 2804; 1983 c 359 s 33; 1Sp1986 c 3 art 1 s 82; 1998 c 254 art 2 s 32; 2005 c 10 art 2 s 1
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.15 — Counties, Unclaimed Property; Disposition; Duty Of Sheriff.

345.15 COUNTIES, UNCLAIMED PROPERTY; DISPOSITION; DUTY OF SHERIFF.
Subdivision 1.
Sheriff seizure and public sale.
The sheriff of any county may seize and retain any personal property abandoned upon any public way, sidewalk, or other public premises or any property or exhibits entered in evidence in any judicial proceeding as are released by order of the court. The sheriff shall, after holding the property for a period of at least three months, sell the same at public auction giving reasonable public notice of the time and place of such sale in a newspaper of general circulation within the county. The notice shall give a brief description of the articles to be sold and the time and place of sale. The sale shall be made by the sheriff or under the sheriff's direction. The owner of any such property upon application and satisfactory proof of ownership may recover the property or, within one month of the sale, the net proceeds of the sale of such property. The sheriff shall transfer the net proceeds from the sale of property to the county treasurer to be credited to the general revenue fund and to be deposited as provided by law. The net proceeds shall be the sale price less any costs of handling, storage, or sale.
Subd. 2.
[Repealed, 1971 c 734 s 12]
History:
1969 c 203 s 1; 1986 c 444
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.16 — State; Unclaimed Property; Disposition; Duty Of State Patrol.

345.16 STATE; UNCLAIMED PROPERTY; DISPOSITION; DUTY OF STATE PATROL.
Subdivision 1.
State Patrol seizure.
A State Patrol trooper may seize and retain any personal property abandoned upon any public highway right-of-way, other public premises, or other state-owned property.
Subd. 2.
Notice.
Notice by the State Patrol of lost or abandoned property in its possession must be made to the rightful owner, if the owner is known, by certified mail. The rightful owner may reclaim the property within 90 days of notice after paying any expenses incurred by the agency for processing and retaining such property.
Subd. 3.
Disposal.
Unclaimed property may be sold at public sale, disposed of as state surplus property, or destroyed based on the agency's judgment of the property's condition and value.
Subd. 4.
Money.
All lost or abandoned money and the proceeds from the sale of other abandoned or lost property retained by the State Patrol pursuant to this section must be deposited into the general fund.
History:
1Sp2021 c 5 art 4 s 107
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.20 — Dies, Molds; Ownership.

345.20 DIES, MOLDS; OWNERSHIP.
Subdivision 1.
Definitions.
For purposes of this section:
(a) "Customer" means any individual or entity who causes or caused a molder to fabricate, cast, or otherwise make a die, mold, or form to be used for the manufacture of metal or plastic products.
(b) "Molder" means any individual or entity, including, but not limited to, a tool or die maker, who fabricates, casts, or otherwise makes a die, mold, or form to be used for the manufacture of metal or plastic products.
Subd. 2.
Ownership by customer.
In the absence of any agreement to the contrary, the customer shall have all rights and title to any die, mold, or form in the possession of the molder.
Subd. 3.
Destruction or disposition of unclaimed property.
If a customer does not claim possession from a molder of a die, mold, or form within three years following the last prior use thereof, all rights and title to any die, mold, or form may be transferred by operation of law to the molder for the purpose of destroying or otherwise disposing of such die, mold, or form, consistent with this section.
Subd. 4.
Notice to customer.
If a molder chooses to have all rights and title to any die, mold, or form transferred to the molder by operation of law, the molder shall send written notice by certified mail to the customer's last known address indicating that the molder intends to terminate the customer's rights and title by having all rights and title transferred to the molder by operation of law pursuant to this section.
Subd. 5.
Ownership by molder.
If a customer does not respond in person or by mail to claim possession of the particular die, mold, or form within 90 days following the date the notice was sent, or does not make other contractual arrangements with the molder for storage thereof, all rights and title of the customer shall transfer by operation of law to the molder. Thereafter, the molder may destroy or otherwise dispose of the particular mold, tool, or die as the molder's own property without any risk of liability to the customer, except that this section shall not be construed in any manner to affect any right of the customer, under federal patent or copyright law or any state or federal law pertaining to unfair competition.
Subd. 6.
[Repealed, 1996 c 310 s 1]
History:
1980 c 584 s 1; 1989 c 56 s 1
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.25 — Bonds Issued By Religious Organizations.

345.25 BONDS ISSUED BY RELIGIOUS ORGANIZATIONS.
Bonds issued by religious organizations are exempt from sections 345.31 to 345.60 and are not otherwise subject to escheat.
History:
1984 c 552 s 16
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.31 — Definitions And Use Of Terms.

345.31 DEFINITIONS AND USE OF TERMS.
Subdivision 1.
Scope.
As used in sections 345.31 to 345.60, unless the context otherwise requires, the terms defined in this section shall have the meanings ascribed to them.
Subd. 2.
Banking organization.
"Banking organization" means any bank, trust company, savings bank, safe deposit company or private banker engaged in business in this state.
Subd. 3.
Business association.
"Business association" means any corporation, joint stock company, business trust, partnership, cooperative, or any association for business purposes of two or more individuals.
Subd. 3a.
Commissioner.
"Commissioner" means the commissioner of commerce.
Subd. 4.
Financial organization.
"Financial organization" means any savings association, credit union, industrial loan and thrift company or investment company engaged in business in this state.
Subd. 5.
Holder.
"Holder" means any person in possession of property subject to sections 345.31 to 345.60 belonging to another, or who is trustee in case of a trust, or is indebted to another on an obligation subject to sections 345.31 to 345.60.
Subd. 6.
Life insurance corporation.
"Life insurance corporation" means any association or corporation, including a fraternal benefit society as defined in section 64B.01, transacting within this state the business of insurance on the lives of persons or insurance appertaining thereto, including, but not by way of limitation, endowments and annuities.
Subd. 6a.
Money order.
"Money order" includes an express money order and a personal money order, on which the remitter is the purchaser. The term does not include a bank order or any other instrument sold by a financial organization if the seller has obtained the name and address of the payee.
Subd. 7.
Owner.
"Owner" means a depositor in case of a deposit, a beneficiary in case of a trust, a creditor, claimant or payee in case of other choses in action, or any person having a legal or equitable interest in property subject to sections 345.31 to 345.60 or the person's legal representative.
Subd. 8.
Person.
"Person" means any individual, business association, government or political subdivision, public corporation, public authority, estate, trust, two or more persons having a joint or common interest, or any other legal or commercial entity.
Subd. 9.
Utility.
"Utility" means any person who owns or operates within this state, for public use, any plant, equipment, property, franchise or license for the transmission of communications or the production, storage, transmission, sale, delivery or furnishing of electricity, water, steam or gas.
History:
1969 c 725 s 1; 1977 c 137 s 1,2; 1983 c 301 s 192; 1985 c 49 s 41; 1986 c 444; 1992 c 564 art 1 s 54; 1995 c 202 art 1 s 25; 2000 c 488 art 2 s 22
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.321 — Dormancy Charge For Money Orders.

345.321 DORMANCY CHARGE FOR MONEY ORDERS.
Notwithstanding any law to the contrary, a holder may annually deduct, from a money order presumed abandoned, a charge imposed by reason of the owner's failure to claim the property within a specified time. The holder may deduct the charge only if: (1) there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge; (2) the holder regularly imposes the charge; and (3) the charge is not regularly reversed or otherwise canceled. The total amount of the deduction is limited to an amount that is not unconscionable.
History:
2000 c 488 art 2 s 23
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.33 — Unclaimed Funds Held By Life Insurance Corporations.

345.33 UNCLAIMED FUNDS HELD BY LIFE INSURANCE CORPORATIONS.
(a) Unclaimed funds, as defined in this section, held and owing by a life insurance corporation shall be presumed abandoned if the last known address, according to the records of the corporation, of the person entitled to the funds is within this state. If a person other than the insured or annuitant is entitled to the funds and no address of such person is known to the corporation or if it is not definite and certain from the records of the corporation what person is entitled to the funds, it is presumed that the last known address of the person entitled to the funds is the same as the last known address of the insured or annuitant according to the records of the corporation.
(b) "Unclaimed funds," as used in this section, means all moneys held and owing by any life insurance corporation unclaimed and unpaid for more than three years after the moneys became due and payable as established from the records of the corporation under any life or endowment insurance policy or annuity contract which has matured. A life insurance policy not matured by actual proof of the death of the insured is deemed to be matured and the proceeds thereof are deemed to be due and payable if such policy was in force when the insured attained the limiting age under the mortality table on which the reserve is based, unless the person appearing entitled thereto has within the preceding three years, (1) assigned, readjusted or paid premiums on the policy, or subjected the policy to loan, or (2) corresponded in writing with the life insurance corporation concerning the policy. Moneys or drafts otherwise payable according to the records of the corporation are deemed due and payable although the policy or contract has not been surrendered as required.
History:
1969 c 725 s 3; 1977 c 137 s 4; 3Sp1981 c 2 art 1 s 59; 1992 c 513 art 3 s 62
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.34 — Deposits Held By Utilities.

345.34 DEPOSITS HELD BY UTILITIES.
Any deposit held or owing by any utility made by a subscriber to secure payment for, or any sum paid in advance for, utility services to be furnished in this state, excluding any charges that may lawfully be withheld, that has remained unclaimed by the person appearing on the records of the utility entitled thereto for more than one year after the termination of the services for which the deposit or advance payment was made is presumed abandoned.
History:
1969 c 725 s 4; 3Sp1981 c 2 art 1 s 60; 1992 c 513 art 3 s 63
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.36 — Property Of Business Associations And Banking Or Financial Organizations Held In Course Of Dissolution.

345.36 PROPERTY OF BUSINESS ASSOCIATIONS AND BANKING OR FINANCIAL ORGANIZATIONS HELD IN COURSE OF DISSOLUTION.
All intangible personal property distributable in the course of a voluntary dissolution of a business association, banking organization or financial organization organized under the laws of or created in this state, that is unclaimed by the owner within six months after the date for final distribution, is presumed abandoned.
History:
1969 c 725 s 6; 1992 c 513 art 3 s 65
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 writing concerning the property, or otherwise indicated an interest as evidenced by a memorandum on file with the fiduciary if:
(a) the property is held by a banking organization or a financial organization or by a business association organized under the laws of or created in this state; or
(b) it is held by a business association, doing business in this state, but not organized under the laws of or created in this state, and the records of the business association indicate that the last known address of the person entitled thereto is in this state; or
(c) it is held in this state by any other person.
History:
1969 c 725 s 7; 1977 c 137 s 6; 3Sp1981 c 2 art 1 s 61; 1992 c 513 art 3 s 66
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 more than three years is presumed abandoned except as provided in section 524.3-914.
Subd. 2.
Property held for persons in public institutions.
This section shall not apply to property held for persons while residing in public correctional or other institutions. As to such persons, said property shall be presumed abandoned if it has remained unclaimed by the owner for more than three years after such residence ceases.
Subd. 3.
Personal property held by government or political subdivision or agency.
All intangible personal property held for the owner by any government or political subdivision or agency, that has remained unclaimed by the owner for more than three years is presumed abandoned and is reportable pursuant to section 345.41, if:
(a) the last known address as shown on the records of the holder of the apparent owner is in this state; or
(b) no address of the apparent owner appears on the records of the holder; and
(1) the last known address of the apparent owner is in this state; or
(2) the holder is domiciled in this state and has not previously transferred the property to the state of the last known address of the apparent owner.
History:
1969 c 725 s 8; 1976 c 239 s 106; 1978 c 664 s 1; 3Sp1981 c 2 art 1 s 62; 1992 c 513 art 3 s 67
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 for purposes of sections 345.41, 345.42, 345.43, 345.47 and 345.48 if the plan governing the public pension fund includes a provision governing the disposition of unclaimed amounts of money.
History:
1981 c 224 s 40; 1987 c 384 art 2 s 1; 2013 c 111 art 5 s 47,80
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned. Property covered by this section includes, but is not limited to: (a) unclaimed worker's compensation; (b) deposits or payments for repair or purchase of goods or services; (c) credit checks or memos, or customer overpayments; (d) unidentified remittances, unrefunded overcharges; (e) unpaid claims, unpaid accounts payable or unpaid commissions; (f) unpaid mineral proceeds, royalties or vendor checks; and (g) credit balances, accounts receivable and miscellaneous outstanding checks. This section does not include money orders. "Intangible property" does not include gift certificates, gift cards, or layaway accounts issued or maintained by any person in the business of selling tangible property or services at retail and such items shall not be subject to this section.
Subd. 2.
Cooperative property.
Notwithstanding subdivision 1, any profit, distribution, or other sum held or owing by a cooperative for or to a participating patron of the cooperative is presumed abandoned only if it has remained unclaimed by the owner for more than seven years after it became payable or distributable.
Subd. 3.
Unpaid compensation.
Notwithstanding subdivision 1, unpaid compensation for personal services or wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder's business that remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned.
History:
1969 c 725 s 9; 1977 c 137 s 7; 3Sp1981 c 2 art 1 s 63; 1982 c 495 s 3; 1987 c 336 s 42; 1992 c 513 art 3 s 68; 2000 c 488 art 2 s 24
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject to sections 345.31 to 345.60 if:
(a) it may be validly claimed as abandoned or escheated under the laws of such other state; and
(b) the laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last known address is within this state by a holder who is subject to the jurisdiction of this state.
History:
1969 c 725 s 10
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.42 — Notice And Publication Of Lists Of Abandoned Property.

345.42 NOTICE AND PUBLICATION OF LISTS OF ABANDONED PROPERTY.
Subdivision 1.
Commissioner's duty.
Within the calendar year next following the year in which abandoned property has been paid or delivered to the commissioner, the commissioner shall provide public notice of the abandoned property in the manner and frequency the commissioner determines to be most effective and efficient in communicating to the persons appearing to be owners of this property. Public notice may include the use of print, broadcast, or electronic media. The commissioner shall, at a minimum, expend 15 percent of the funds allocated by the legislature to the operations of the unclaimed property division, to comply with the public notice requirements of this subdivision.
Subd. 1a.
Required lists.
(a) Beginning January 1, 2018, and annually thereafter, and provided that a member has requested it, the commissioner shall provide to each member of the legislature a list in electronic form of all persons appearing to be owners of abandoned property whose last known address is located in the legislator's respective legislative district.
(b) Beginning July 1, 2018, and every six months thereafter, and provided that a county has requested it, the commissioner shall provide to the county a list in electronic form of all persons appearing to be owners of abandoned property whose last known address is located in the county. A request under this paragraph must be made in writing by a person authorized by the county to make the request and is good until canceled.
Subd. 2.
[Repealed, 2005 c 109 s 8]
Subd. 3.
[Repealed, 2005 c 109 s 8]
Subd. 4.
Exceptions.
This section is not applicable to sums payable on traveler's checks or money orders presumed abandoned under section 345.32.
History:
1969 c 725 s 12; 1981 c 356 s 352; 1983 c 301 s 234; 1985 c 251 s 12,13; 1986 c 444; 1992 c 513 art 3 s 69; 1993 c 31 s 2,3; 1996 c 439 art 1 s 19; 2005 c 109 s 5; 2017 c 94 art 8 s 12; 1Sp2017 c 7 s 5
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.43 — Payment Or Delivery Of Abandoned Property.

345.43 PAYMENT OR DELIVERY OF ABANDONED PROPERTY.
Subdivision 1.
[Repealed, 1996 c 439 art 1 s 27]
Subd. 2.
[Repealed, 1996 c 439 art 1 s 27]
Subd. 2a.
Holder's obligations.
At the time of the filing of the report required under section 345.41 and with that report, the holder reporting property presumed abandoned and subject to custody as unclaimed property shall pay or deliver to the commissioner all of the property shown on the report and remaining unclaimed by the apparent owner.
Upon written request showing good cause, the commissioner may postpone the payment or delivery upon the terms or conditions the commissioner considers necessary and appropriate.
The property paid or delivered to the commissioner shall include all interest, dividends, increments, and accretions due, payable, or distributable on the property on November 1, or October 1 for a life insurance company. If payment or delivery is postponed, the property paid or delivered to the commissioner shall include accretions due, payable, or distributable on the day that the property is paid or delivered to the commissioner.
Subd. 3.
Evidence of ownership.
The holder of an interest under section 345.35 shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the commissioner. Upon delivery of a duplicate certificate to the commissioner, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in executing or delivering the duplicate certificate is relieved of all liability of every kind in accordance with the provision of section 345.44 to every person, including any person acquiring the original certificate or the duplicate of the certificate issued to the commissioner, for any losses or damages resulting to any person by the issuance and delivery to the commissioner of the duplicate certificate.
History:
1969 c 725 s 13; 1977 c 137 s 9; 1983 c 301 s 234; 1985 c 222 s 2; 1986 c 444; 1996 c 439 art 1 s 20
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.44 — Relief From Liability By Payment Or Delivery.

345.44 RELIEF FROM LIABILITY BY PAYMENT OR DELIVERY.
Upon the payment or delivery of abandoned property to the commissioner, the state shall assume custody and shall be responsible for the safekeeping thereof and for payment of any claim successfully brought against any holder on account of any abandoned property paid or delivered to the commissioner. Any person who pays or delivers abandoned property to the commissioner under sections 345.31 to 345.60 is relieved of all liability to the extent of the value of the property so paid or delivered for any claim which then exists or which thereafter may arise or be made in respect to the property by any claimant, including any state. The state indemnifies and holds harmless such person as against any such claim and any loss and damage related thereto, provided that such person shall notify the commissioner of any legal proceedings against such person in relation to such claim within ten days after service of process upon such person and thus give the state an opportunity of defending such person in such proceeding. Any holder who has paid moneys to the commissioner pursuant to sections 345.31 to 345.60 may make payment to any person reasonably appearing to such holder to be entitled thereto, and upon proof of such payment and proof that the payee reasonably appeared entitled thereto, the commissioner shall forthwith reimburse the holder for the payment.
History:
1969 c 725 s 14; 1983 c 301 s 234
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.451 — Crediting Income Or Gain To Owner's Account.

345.451 CREDITING INCOME OR GAIN TO OWNER'S ACCOUNT.
If property other than money is delivered to the commissioner, the owner is entitled to receive from the commissioner income or gain realized or accrued on the property before the property is sold. If the property was interest-bearing, the commissioner shall pay interest at the lesser of the rate of the weekly average one-year constant maturity treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the beginning of the fiscal quarter in which the property was sold or the rate the property earned while in the possession of the holder. Interest begins to accrue when the property is delivered to the commissioner and ends on the earlier of the expiration of ten years after its delivery or the date on which payment is made to the owner.
History:
1Sp2019 c 7 art 10 s 14
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.46 — Period Of Limitation.

345.46 PERIOD OF LIMITATION.
(a) The expiration of a period of limitation on the owner's right to receive or recover property, whether specified by contract, statute, or court order, does not preclude the property from being presumed abandoned or affect a duty to file a report or to pay or deliver or transfer property to the administrator as required by sections 345.31 to 345.60. This paragraph applies to any expiration of a period of limitations that occurs whether before or after the effective date of sections 345.31 to 345.60.
(b) An action or proceeding may not be maintained by the administrator to enforce sections 345.31 to 345.60 in regard to the reporting, delivery, or payment of property more than ten years after the holder specifically identified the property in a report filed with the administrator or gave express notice to the administrator of a dispute regarding the property. In the absence of such a report or other express notice, the period of limitation is tolled. The period of limitation is also tolled by the filing of a report that is fraudulent.
History:
1969 c 725 s 16; 1983 c 301 s 234; 2005 c 109 s 6
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.48 — Deposit Of Funds.

345.48 DEPOSIT OF FUNDS.
Subdivision 1.
Commissioner's duties.
All funds received under sections 345.31 to 345.60, including the proceeds from the sale of abandoned property pursuant to section 345.47, shall forthwith be deposited by the commissioner in the general fund of the state after deduction of the fees and expenses provided for in section 345.485; except that unclaimed restitution payments held by a court under section 345.38 shall be deposited in the crime victim and witness account created in section 611A.612. Before making the deposit the commissioner shall record the name and last known address of each person appearing from the holders' reports to be entitled to the abandoned property and of the name and last known address of each policyholder, insured person, or annuitant, and with respect to each policy or contract listed in the report of a life insurance corporation, its number, the name of the corporation, and the amount due. The record shall be available for public inspection at all reasonable business hours.
Subd. 2.
[Repealed, 1979 c 333 s 108]
History:
1969 c 399 s 1; 1969 c 725 s 18; 1976 c 331 s 41; 1983 c 301 s 234; 1984 c 552 s 19; 1986 c 444; 1989 c 264 s 1; 1991 c 229 s 1; 1997 c 7 art 1 s 127
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.485 — Recovery Of Property By Others.

345.485 RECOVERY OF PROPERTY BY OTHERS.
The commissioner may request that the attorney general of another state or another person or entity in the other state make a demand or bring an action to recover unclaimed property in the name of the commissioner in the other state. The commissioner may request that another person or entity make a demand or bring an action to recover unclaimed property in this state in the name of the commissioner. This state shall pay all expenses including attorney fees incurred under this section. The commissioner may agree to pay fees to the person or entity making the demand or bringing the action based in whole or in part on a percentage of the value of any property recovered. Expenses paid under this section shall not reduce the amount to which the claimant is entitled.
History:
1991 c 229 s 2; 1992 c 564 art 4 s 17
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.49 — Claim For Abandoned Property Paid Or Delivered.

345.49 CLAIM FOR ABANDONED PROPERTY PAID OR DELIVERED.
Subdivision 1.
Filing.
(a) Any person claiming an interest in any property delivered to the state under sections 345.31 to 345.60 may file a claim thereto or to the proceeds from the sale thereof on the form prescribed by the commissioner.
(b) Any person claiming an interest in property evidenced by a will or trust document, or court order, may submit to the commissioner only such portions of the document or order necessary to establish a claim.
Subd. 2.
Appropriation.
There is hereby appropriated to the persons entitled to a refund, from the fund in the state treasury to which the money was credited, an amount sufficient to make the refund and payment.
Subd. 3.
Data.
Government data received by the commissioner pursuant to this section is nonpublic data or private data on individuals, as defined in section 13.02, subdivisions 9 and 12.
History:
1969 c 725 s 19; 1984 c 552 s 20; 2017 c 94 art 8 s 13
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.50 — Determination Of Claims.

345.50 DETERMINATION OF CLAIMS.
Subdivision 1.
Commissioner's duties.
The commissioner shall consider any claim filed under sections 345.31 to 345.60 and may hold a hearing and receive evidence concerning it. If a hearing is held, the commissioner shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard and the reasons for the decision. The decision shall be a public record.
Subd. 2.
Payment.
If the claim is allowed, the commissioner shall make payment forthwith. The claim shall be paid without deduction for costs of notices or sale or for service charges.
History:
1969 c 725 s 20; 1983 c 301 s 234; 1986 c 444
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 the decision of the commissioner or within 180 days from the filing of the claim if the commissioner fails to act. The action shall be tried de novo without a jury.
History:
1969 c 725 s 21; 1983 c 301 s 234; 1986 c 444
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 date the property is paid or delivered to the commissioner.
No agreement entered into after 24 months after the date the property is paid or delivered to the commissioner is valid if a person thereby undertakes to locate property included in a report for a fee or other compensation exceeding ten percent of the value of the recoverable property unless the agreement is in writing and signed by the owner and discloses the nature and value of the property and the name and address of the holder thereof as such facts have been reported. Nothing in this section shall be construed to prevent an owner from asserting at any time that an agreement to locate property is based upon an excessive or unjust consideration.
History:
1977 c 137 s 11; 1983 c 301 s 234; 1986 c 444; 1996 c 439 art 1 s 21; 2000 c 483 s 52
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 of the small sum involved, postpone taking possession until a sufficient sum accumulates. Unless the holder of the property is notified to the contrary within 120 days after filing the report required under section 345.41, the commissioner shall be deemed to have elected to receive the custody of the property.
History:
1969 c 725 s 22; 1983 c 301 s 234; 1986 c 444
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › 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 shall be brought or maintained against the state or any officer thereof or against the holder for or on account of any action taken by the commissioner pursuant to chapter 345 with respect to the property. The commissioner shall keep a record of all items destroyed under this section, and all items held by the historical society, including the name and address of the owner of the property and the person who delivered the property to the commissioner, the date of delivery, a description of the property destroyed and the date of destruction.
History:
1977 c 137 s 12; 1984 c 654 art 3 s 88; 1986 c 444
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.53 — Examination Of Records.

345.53 EXAMINATION OF RECORDS.
Subdivision 1.
Commissioner's duties.
The commissioner may at reasonable times and upon reasonable notice examine the records of any person if there is reason to believe that the person has failed to report property that should have been reported pursuant to sections 345.31 to 345.60.
Subd. 2.
Examination charges.
If an examination of the records of a person results in the disclosure of property reportable and deliverable under sections 345.31 to 345.60, the commissioner may assess the cost of the examination against the holder at the rate of $15 per hour per examiner, but in no case may the charges exceed the value of the property found to be reportable and deliverable.
History:
1969 c 725 s 23; 1981 c 356 s 353; 1983 c 301 s 234; 1986 c 444
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.54 — Proceeding To Compel Delivery Of Abandoned Property.

345.54 PROCEEDING TO COMPEL DELIVERY OF ABANDONED PROPERTY.
If any person refuses to deliver property to the commissioner as required under sections 345.31 to 345.60, or pay the interest provided for by section 345.55, subdivision 3, the commissioner may bring an action in a court of appropriate jurisdiction to enforce such delivery or payment.
History:
1969 c 725 s 24; 1978 c 664 s 2; 1983 c 301 s 234
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.55 — Penalties.

345.55 PENALTIES.
Subdivision 1.
Misdemeanor.
Any person who willfully fails to render any report or perform other duties required under sections 345.31 to 345.60, shall be guilty of a misdemeanor.
Subd. 2.
Gross misdemeanor.
Any person who willfully refuses to pay or deliver abandoned property to the commissioner as required under sections 345.31 to 345.60 shall be guilty of a gross misdemeanor.
Subd. 3.
Interest assessment after demand.
In addition to any damages, penalties, or fines for which a person may be liable under other provisions of law, any person who fails to pay or deliver unclaimed property within the time prescribed by this chapter after written demand therefor by the commissioner made after March 29, 1978, shall pay to the commissioner interest at the rate of 12 percent per annum on the property or value thereof from the date of the written demand.
History:
1969 c 725 s 25; 1978 c 664 s 3; 1983 c 301 s 234
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.56 — Rules.

345.56 RULES.
The commissioner is hereby authorized to make necessary rules to carry out the provisions of sections 345.31 to 345.60.
History:
1969 c 725 s 26; 1983 c 301 s 234; 1985 c 248 s 70
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.57 — Effect Of Laws Of Other States.

345.57 EFFECT OF LAWS OF OTHER STATES.
Sections 345.31 to 345.60 shall not apply to any property that has been presumed abandoned or escheated under the laws of another state prior to July 1, 1969.
History:
1969 c 725 s 27
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.58 — Cutoff Date.

345.58 CUTOFF DATE.
Except as to property required to be reported pursuant to Minnesota Statutes 1967, sections 48.521 to 48.528, sections 345.31 to 345.60 shall not apply to property otherwise subject to sections 345.31 to 345.60 which became due or payable or which was in the possession of the holder before January 1, 1944.
History:
1969 c 725 s 28
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.59 — Uniformity Of Interpretation.

345.59 UNIFORMITY OF INTERPRETATION.
Sections 345.31 to 345.60 shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it.
History:
1969 c 725 s 30
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.60 — Citation.

345.60 CITATION.
Sections 345.31 to 345.60 as enacted and hereafter amended, may be cited as the "Uniform Disposition of Unclaimed Property Act."
History:
1969 c 725 s 31
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.70 — Minnesota Museum Property Act; Definitions.

345.70 MINNESOTA MUSEUM PROPERTY ACT; DEFINITIONS.
(a) As used in this section, the terms defined in this subdivision have the meanings given them.
(b) "Archives repository" means a nonprofit organization or a public agency whose primary functions include selecting, preserving, and making available records of historical or enduring value, and that is open to the public on a regular basis. Archives repository does not include a public library.
(c) "Loan" means the placement of property with a museum or archives repository that is not accompanied by a transfer of title of the property to the museum or archives repository and for which there is some record that the owner intended to retain title to the property. Loan does not include transfers between museums, between archives repositories, or between museums and archives repositories unless the transferring institution specifically provides in writing that the transfer is a loan under this section.
(d) "Museum" means a nonprofit organization or a public agency that is operated primarily for the purpose of collecting, cataloging, preserving, or exhibiting property of educational, scientific, historic, cultural, or aesthetic interest and that is open to the public on a regular basis. Museum does not include a public library.
(e) "Property" means personal property.
History:
2004 c 213 s 1
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.71 — Loans Of Property To A Museum Or Archives Repository.

345.71 LOANS OF PROPERTY TO A MUSEUM OR ARCHIVES REPOSITORY.
Subdivision 1.
Ownership records.
Each museum or archives repository shall keep accurate records of all property on loan to the museum or archives repository, including the name and address of the owner, if known, and the beginning and ending date of the loan period. At the time that a person makes a loan to a museum or archives repository, the museum or archives repository shall give the owner of the property a copy of this section. If a museum or archives repository is notified of a change in the ownership of any property loaned to a museum or archives repository, the museum or archives repository shall inform the new owner of the provisions of the loan agreement and shall send the new owner a copy of this section. Not less than 90 days before a museum or archives repository changes its address or dissolves, the museum or archives repository shall notify all owners of that change of address or dissolution. If a museum or archives repository becomes the owner of property under section 345.72 or 345.73, the museum or archives repository shall maintain any records that the museum or archives repository has regarding the property for not less than two years after the date on which the museum or archives repository becomes the owner of the property.
Subd. 2.
Change in address or ownership.
The owner of property loaned to a museum or archives repository shall provide the museum or archives repository with written notice of any change of the owner's address, of the owner's designated agent, of the designated agent's address, and of the name and address of the new owner if there is a change in the ownership of the property loaned to the museum or archives repository.
History:
2004 c 213 s 2
2023 Minnesota Statutes › Chapters 343 - 348 — Animals And Property › Chapter 345 — Unclaimed Property › Section 345.73 — Acquiring Title To Undocumented Property.

345.73 ACQUIRING TITLE TO UNDOCUMENTED PROPERTY.
Subdivision 1.
Acquisition.
Property in the possession of a museum or archives repository which the museum or archives repository has reason to believe may be on loan and, for which the museum or archives repository does not know the owner, or have any reasonable means of determining the owner, becomes the property of the museum or archives repository if no person has claimed the property within seven years after the museum or archives repository took possession of the property. The museum or archives repository becomes the owner of the property on the day after the seven-year period ends, and after following the notification process outlined in subdivision 2, free from all claims.
Subd. 2.
Notification.
The museum or archives repository that wishes to acquire title to undocumented property described in subdivision 1 shall provide public notice in the manner described in section 345.72.
Subd. 3.
Presumption of gift to museum.
Effective August 1, 2004, property that: (1) is found in or on property controlled by the museum; (2) is from an unknown source; and (3) might reasonably be assumed to have been intended as a gift to the museum, is conclusively presumed to be a gift to the museum if ownership of the property is not claimed by a person within 90 days of its discovery.
History:
2004 c 213 s 4