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Current as of January 01, 2025 | Updated by Findlaw Staff
If specific property which is subject to the provisions ofsections 345.32,345.35,345.36,345.37and345.39is held for or owed or distributable to an owner whose last known address is in another state by a holder who is subjected to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject tosections 345.31to345.60if:
(a) it may be validly claimed as abandoned or escheated under the laws of such other state; and
(b) the laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last known address is within this state by a holder who is subject to the jurisdiction of this state.
Cite this article: FindLaw.com - Minnesota Statutes Animals and Property (Ch. 343-348) § 345.40. Reciprocity for property presumed abandoned or escheated under the laws of another state - last updated January 01, 2025 | https://codes.findlaw.com/mn/animals-and-property-ch-343-348/mn-st-sect-345-40/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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