Minnesota § 345.52 ELECTION TO TAKE PAYMENT OR DELIVERY

Minnesota Statutes

§ 345.52 — ELECTION TO TAKE PAYMENT OR DELIVERY

Minnesota § 345.52

PartANIMALS AND PROPERTY

Ch. 345UNCLAIMED PROPERTY

This text of Minnesota § 345.52 (ELECTION TO TAKE PAYMENT OR DELIVERY) 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. § 345.52 (2026).

Text

The commissioner, after receiving reports of property deemed abandoned pursuant to sections345.31to345.60, 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 section345.41, the commissioner shall be deemed to have elected to receive the custody of the property.

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The commissioner, after receiving reports of property deemed abandoned pursuant to sections345.31to345.60, 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 section345.41, the commissioner shall be deemed to have elected to receive the custody of the property.