§ 345.42 — Notice and Publication of Lists of Abandoned Property
Plain-Language Summary
Sets the content and format requirements for unclaimed property reports that holders must file with the state.
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[Repealed, 2005 c 109 s 8] §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[Repealed, 2005 c 109 s 8] §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
History: 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