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Current as of January 01, 2025 | Updated by Findlaw Staff
Subdivision 1. Commissioner's duties. All funds received undersections 345.31to345.60, including the proceeds from the sale of abandoned property pursuant tosection 345.47, shall forthwith be deposited by the commissioner in the general fund of the state after deduction of the fees and expenses provided for insection 345.485; except that unclaimed restitution payments held by a court undersection 345.38shall be deposited in the crime victim and witness account created insection 611A.612. Before making the deposit the commissioner shall record the name and last known address of each person appearing from the holders' reports to be entitled to the abandoned property and of the name and last known address of each policyholder, insured person, or annuitant, and with respect to each policy or contract listed in the report of a life insurance corporation, its number, the name of the corporation, and the amount due. The record shall be available for public inspection at all reasonable business hours.
Subd. 2. Repealed by Laws 1979, c. 333, § 108.
Cite this article: FindLaw.com - Minnesota Statutes Animals and Property (Ch. 343-348) § 345.48. Deposit of funds - last updated January 01, 2025 | https://codes.findlaw.com/mn/animals-and-property-ch-343-348/mn-st-sect-345-48/
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