Minnesota § 345.43 PAYMENT OR DELIVERY OF ABANDONED PROPERTY

Minnesota Statutes

§ 345.43 — PAYMENT OR DELIVERY OF ABANDONED PROPERTY

Minnesota § 345.43

PartANIMALS AND PROPERTY

Ch. 345UNCLAIMED PROPERTY

This text of Minnesota § 345.43 (PAYMENT OR DELIVERY OF ABANDONED PROPERTY) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 345.43 (2026).

Text

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 [Repealed,1996 c 439 art 1 s 27] Subd.

2.[Repealed,1996 c 439 art 1 s 27] Subd. 2a.Holder's obligations.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 section345.41and 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 Octo

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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[Repealed,1996 c 439 art 1 s 27]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[Repealed,1996 c 439 art 1 s 27]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 section345.41and 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 section345.35shall 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 section345.44to 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.