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 [Repealed, 1996 c 439 art 1 s 27]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 [Repealed, 1996 c 439 art 1 s 27]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.
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
Structure Minnesota Statutes
Chapters 343 - 348 — Animals And Property
Chapter 345 — Unclaimed Property
Section 345.01 — Duty Of Consignee Or Bailee.
Section 345.02 — Unclaimed Property May Be Sold Upon Notice; Summary Sale.
Section 345.03 — Proceedings If Property Not Claimed.
Section 345.04 — Inventory; Order Of Sale.
Section 345.05 — Notice And Return Of Sale.
Section 345.06 — Disposition Of Proceeds.
Section 345.07 — Money Deposited, How Disposed Of.
Section 345.09 — Unclaimed Baggage; Delivery To Warehouse Operator.
Section 345.10 — Storage Liens.
Section 345.11 — Sale; Notice.
Section 345.12 — Sale; Proceeds.
Section 345.13 — Warehouse Operator's Bond.
Section 345.14 — Fees Of Court Administrators.
Section 345.15 — Counties, Unclaimed Property; Disposition; Duty Of Sheriff.
Section 345.16 — State; Unclaimed Property; Disposition; Duty Of State Patrol.
Section 345.20 — Dies, Molds; Ownership.
Section 345.25 — Bonds Issued By Religious Organizations.
Section 345.31 — Definitions And Use Of Terms.
Section 345.32 — Property Held By Banking Or Financial Organizations Or By Business Associations.
Section 345.321 — Dormancy Charge For Money Orders.
Section 345.33 — Unclaimed Funds Held By Life Insurance Corporations.
Section 345.34 — Deposits Held By Utilities.
Section 345.35 — Stock And Other Intangible Interests In Business Associations.
Section 345.37 — Property Held By Fiduciaries.
Section 345.38 — Property Held By State Courts And Public Officers And Agencies.
Section 345.381 — Property Held By Minnesota Public Pension Fund.
Section 345.39 — Miscellaneous Personal Property Held For Another Person.
Section 345.41 — Report Of Abandoned Property.
Section 345.42 — Notice And Publication Of Lists Of Abandoned Property.
Section 345.43 — Payment Or Delivery Of Abandoned Property.
Section 345.44 — Relief From Liability By Payment Or Delivery.
Section 345.451 — Crediting Income Or Gain To Owner's Account.
Section 345.46 — Period Of Limitation.
Section 345.47 — Sale Of Abandoned Property.
Section 345.48 — Deposit Of Funds.
Section 345.485 — Recovery Of Property By Others.
Section 345.49 — Claim For Abandoned Property Paid Or Delivered.
Section 345.50 — Determination Of Claims.
Section 345.51 — Judicial Action Upon Determinations.
Section 345.515 — Agreements To Locate Reported Property.
Section 345.52 — Election To Take Payment Or Delivery.
Section 345.525 — Property Having No Apparent Commercial Or Historical Value.
Section 345.53 — Examination Of Records.
Section 345.54 — Proceeding To Compel Delivery Of Abandoned Property.
Section 345.57 — Effect Of Laws Of Other States.
Section 345.59 — Uniformity Of Interpretation.
Section 345.70 — Minnesota Museum Property Act; Definitions.
Section 345.71 — Loans Of Property To A Museum Or Archives Repository.
Section 345.72 — Acquiring Title To Abandoned Property.
Section 345.73 — Acquiring Title To Undocumented Property.