Title Minnesota Statutes, Minnesota Statutes

345.05 NOTICE AND RETURN OF SALE. The police officer receiving the inventory and order shall sell the property at public auction to the highest bidder, in the manner provided by law for sales under execution, upon ten days' posted notice. When the sale is completed, the police of…

345.06 DISPOSITION OF PROCEEDS. From the proceeds of the sale the court administrator shall pay all legal charges incurred in relation to the property or, if the proceeds are not sufficient to pay all the charges, a ratable proportion of each. The balance, if any, shall be paid t…

345.07 MONEY DEPOSITED, HOW DISPOSED OF. If the owner of the property sold, or the owner's legal representatives, at any time within five years after such money is deposited in the county treasury, shall furnish satisfactory evidence to the treasurer of the ownership thereof, the…

345.09 UNCLAIMED BAGGAGE; DELIVERY TO WAREHOUSE OPERATOR. Personal baggage remaining in the possession of any carrier of passengers for 30 days after having been carried to the station of such carrier in performance of the contract in relation thereto, and any other property rema…

345.10 STORAGE LIENS. Any storage company receiving such property shall provide suitable storage therefor, and shall have a lien thereon for all charges paid the carrier, and for its reasonable charges for handling, storing, insuring, and safely keeping such property, with intere…

345.11 SALE; NOTICE. If such property is not claimed by the owner or the owner's agent within 12 months after its receipt by such storage company, it may be sold by such company at public auction. Before making sale three weeks' published and posted notice thereof, describing the…

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 pro…

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, c…

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 …

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 e…

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. § Sub…

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 prod…

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

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 ba…

345.32 PROPERTY HELD BY BANKING OR FINANCIAL ORGANIZATIONS OR BY BUSINESS ASSOCIATIONS. The following property held or owing by a banking or financial organization or by a business association is presumed abandoned: (a) Any demand, savings or matured time deposit made in this sta…

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 charg…

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 t…

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…

345.35 STOCK AND OTHER INTANGIBLE INTERESTS IN BUSINESS ASSOCIATIONS. (a) Except as provided in paragraphs (b) and (e), stock or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is presumed…

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 organiz…

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, incr…

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…

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…

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 wi…

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…

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 b…

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 aban…

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 holde…

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…

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-…

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…

345.47 SALE OF ABANDONED PROPERTY. § Subdivision 1.Public sale. Except as provided in subdivisions 3 and 5, all abandoned property other than money delivered to the commissioner under sections 345.31 to 345.60 shall be sold by the commissioner to the highest bidder at public sale…

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 s…

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 co…

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 th…

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 d…

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 proceedi…

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 chap…

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 sa…

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 dest…

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 p…

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 cour…

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 a…

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

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

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 p…