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Can you summarize MNST 345.46?
UNCLAIMED PROPERTY > PERIOD OF LIMITATION.
Short Summary
This legal document pertains to the period of limitation on the owner’s right to receive or recover property. It states that the expiration of a period of limitation does not prevent the property from being presumed abandoned or affect the duty to file a report or transfer property to the administrator as required by sections 345.31 to 345.60. The document also specifies that an action or proceeding to enforce sections 345.31 to 345.60 regarding the reporting, delivery, or payment of property cannot be maintained by the administrator more than ten years after the holder specifically identified the property in a report or gave express notice of a dispute. The period of limitation is tolled in the absence of a report or express notice, and it is also tolled by the filing of a fraudulent report.
Whom does it apply to?
Holders of unclaimed property
What does it govern?
Period of limitation on the owner's right to receive or recover property
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota