Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
345.40 RECIPROCITY FOR PROPERTY PRESUMED ABANDONED OR ESCHEATED
UNDER THE LAWS OF ANOTHER STATE.
If specific property which is subject to the provisions of sections 345.32, 345.35, 345.36,
345.37 and 345.39 is 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 to sections 345.31 to 345.60 if:
(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.
History: 1969 c 725 s 10
UNDER THE LAWS OF ANOTHER STATE.
If specific property which is subject to the provisions of sections 345.32, 345.35, 345.36,
345.37 and 345.39 is 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 to sections 345.31 to 345.60 if:
(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.
History: 1969 c 725 s 10
Official Publication of the State of Minnesota
Revisor of Statutes