2026 Minnesota Statutes

345.382 FUNDS HELD FOR THE PREPAYMENT OF FUNERAL-RELATED EXPENSES.

Funds on deposit or held in trust for the prepayment of a funeral or other funeral-related expenses are presumed abandoned at the earliest of:

(1) three years after the date of death of the beneficiary;

(2) one year after the date the beneficiary has attained, or would have attained if living, the age of 105, if the holder does not know whether the beneficiary is deceased; or

(3) 30 years after the contract for prepayment was executed.

History:

2026 c 124 art 6 s 2