Minnesota Statutes

Minn. Stat. § 345.39 (2026)

Miscellaneous Personal Property Held For Another Person

✓ current as of May 2026

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Subdivision 1.Presumed abandonment.

All intangible personal property, not otherwise covered by sections 345.31 to 345.60, including any income or increment thereon, but excluding any charges that may lawfully be withheld, that is held or owing in this state in the ordinary course of the holder's business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned. Property covered by this section includes, but is not limited to: (a) unclaimed worker's compensation; (b) deposits or payments for repair or purchase of goods or services; (c) credit checks or memos, or customer overpayments; (d) unidentified remittances, unrefunded overcharges; (e) unpaid claims, unpaid accounts payable or unpaid commissions; (f) unpaid mineral proceeds, royalties or vendor checks; and (g) credit balances, accounts receivable and miscellaneous outstanding checks. This section does not include money orders. "Intangible property" does not include gift certificates, gift cards, or layaway accounts issued or maintained by any person in the business of selling tangible property or services at retail and such items shall not be subject to this section.

Subd. 2.Cooperative property.

Notwithstanding subdivision 1, any profit, distribution, or other sum held or owing by a cooperative for or to a participating patron of the cooperative is presumed abandoned only if it has remained unclaimed by the owner for more than seven years after it became payable or distributable.

Subd. 3.Unpaid compensation.

Notwithstanding subdivision 1, unpaid compensation for personal services or wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder's business that remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned.

Notes of Decisions

Cited in 4 cases, 1981–2018 · leading case: Travelers Express Co., Inc. v. State of Minn., 506 F. Supp. 1379 (D. Minnesota 1981).

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Travelers Express Co., Inc. v. State of Minn., 506 F. Supp. 1379 (D. Minnesota 1981). · cites it 63× “Minn.Stat. § 345.39 (emphasis added). Plaintiff next contends that the legislature must have intended to exclude demand instruments such as money orders from the coverage of section 345.”

Hall v. State, 908 N.W.2d 345 (Minn. 2018). · cites it 2× “Minn. Stat. § 345.39 , subd. 3. Every holder of property (e.”

Travelers Express Co., Inc., a Minnesota Corp. v. The State of Minnesota & Jim Lord, Treasurer, State of Minnesota, 664 F.2d 691 (8th Cir. 1981). · cites it 3× “In addition, Judge MacLaughlin found the requisite authority in the omnibus provision, Minn.Stat. Ann. § 345.39 (West.Supp.1981).”

Timothy Hall, Jr. v. State of Minnesota, 890 N.W.2d 728 (Minn. Ct. App. 2017). · cites it 2× “Minn. Stat. § 345.39 , subd. 1. If this property has been held in the ordinary course of business and remained unclaimed by the owner for more than three years it is “presumed abandoned.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.