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.
345.55 PENALTIES.
Subdivision 1. Misdemeanor. Any person who willfully fails to render any report or perform
other duties required under sections 345.31 to 345.60, shall be guilty of a misdemeanor.
Subd. 2. Gross misdemeanor. Any person who willfully refuses to pay or deliver abandoned
property to the commissioner as required under sections 345.31 to 345.60 shall be guilty of a
gross misdemeanor.
Subd. 3. Interest assessment after demand. In addition to any damages, penalties, or fines
for which a person may be liable under other provisions of law, any person who fails to pay or
deliver unclaimed property within the time prescribed by this chapter after written demand therefor
by the commissioner made after March 29, 1978, shall pay to the commissioner interest at the rate
of 12 percent per annum on the property or value thereof from the date of the written demand.
History: 1969 c 725 s 25; 1978 c 664 s 3; 1983 c 301 s 234
Subdivision 1. Misdemeanor. Any person who willfully fails to render any report or perform
other duties required under sections 345.31 to 345.60, shall be guilty of a misdemeanor.
Subd. 2. Gross misdemeanor. Any person who willfully refuses to pay or deliver abandoned
property to the commissioner as required under sections 345.31 to 345.60 shall be guilty of a
gross misdemeanor.
Subd. 3. Interest assessment after demand. In addition to any damages, penalties, or fines
for which a person may be liable under other provisions of law, any person who fails to pay or
deliver unclaimed property within the time prescribed by this chapter after written demand therefor
by the commissioner made after March 29, 1978, shall pay to the commissioner interest at the rate
of 12 percent per annum on the property or value thereof from the date of the written demand.
History: 1969 c 725 s 25; 1978 c 664 s 3; 1983 c 301 s 234
Official Publication of the State of Minnesota
Revisor of Statutes