Minnesota Administrative Rules

2885.0500 REPORT OF DISCONTINUANCE OF INTEREST OR DIVIDENDS.

If payment of interest or dividends on property presumed abandoned pursuant to the Uniform Disposition of Unclaimed Property Act was discontinued, before or after the property was presumed abandoned, by reason of the inactivity, dormancy, or unclaimed status of the property, the holder shall include or attach as part of the report filed pursuant to Minnesota Statutes, section 345.41:

A.

a copy of the form of contract which authorized such discontinuance of payment of interest or dividends; or

B.

the citation of the authority for such discontinuance of payment of interest or dividends.

Statutory Authority:

MS s 345.41; 345.56

Published Electronically:

May 9, 1997