Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
345.52 ELECTION TO TAKE PAYMENT OR DELIVERY.
The commissioner, after receiving reports of property deemed abandoned pursuant to
sections 345.31 to 345.60, 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 section 345.41, the commissioner shall be deemed to have
elected to receive the custody of the property.
History: 1969 c 725 s 22; 1983 c 301 s 234; 1986 c 444
The commissioner, after receiving reports of property deemed abandoned pursuant to
sections 345.31 to 345.60, 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 section 345.41, the commissioner shall be deemed to have
elected to receive the custody of the property.
History: 1969 c 725 s 22; 1983 c 301 s 234; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes