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.
345.321 DORMANCY CHARGE FOR MONEY ORDERS.
Notwithstanding any law to the contrary, a holder may annually deduct, from a money
order presumed abandoned, a charge imposed by reason of the owner's failure to claim the
property within a specified time. The holder may deduct the charge only if: (1) there is a valid
and enforceable written contract between the holder and the owner under which the holder may
impose the charge; (2) the holder regularly imposes the charge; and (3) the charge is not regularly
reversed or otherwise canceled. The total amount of the deduction is limited to an amount that is
not unconscionable.
History: 2000 c 488 art 2 s 23
Notwithstanding any law to the contrary, a holder may annually deduct, from a money
order presumed abandoned, a charge imposed by reason of the owner's failure to claim the
property within a specified time. The holder may deduct the charge only if: (1) there is a valid
and enforceable written contract between the holder and the owner under which the holder may
impose the charge; (2) the holder regularly imposes the charge; and (3) the charge is not regularly
reversed or otherwise canceled. The total amount of the deduction is limited to an amount that is
not unconscionable.
History: 2000 c 488 art 2 s 23
Official Publication of the State of Minnesota
Revisor of Statutes