Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
345.48 DEPOSIT OF FUNDS.
Subdivision 1. Commissioner's duties. All funds received under sections 345.31 to 345.60,
including the proceeds from the sale of abandoned property pursuant to section 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 in section 345.485; except that unclaimed restitution payments
held by a court under section 345.38 shall be deposited in the crime victim and witness account
created in section 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Subd. 2.[Repealed, 1979 c 333 s 108]
History: 1969 c 399 s 1; 1969 c 725 s 18; 1976 c 331 s 41; 1983 c 301 s 234; 1984 c 552 s
19; 1986 c 444; 1989 c 264 s 1; 1991 c 229 s 1; 1997 c 7 art 1 s 127
Subdivision 1. Commissioner's duties. All funds received under sections 345.31 to 345.60,
including the proceeds from the sale of abandoned property pursuant to section 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 in section 345.485; except that unclaimed restitution payments
held by a court under section 345.38 shall be deposited in the crime victim and witness account
created in section 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Subd. 2.[Repealed, 1979 c 333 s 108]
History: 1969 c 399 s 1; 1969 c 725 s 18; 1976 c 331 s 41; 1983 c 301 s 234; 1984 c 552 s
19; 1986 c 444; 1989 c 264 s 1; 1991 c 229 s 1; 1997 c 7 art 1 s 127
Official Publication of the State of Minnesota
Revisor of Statutes