Minnesota Statutes

Minn. Stat. § 345.40 (2026)

Reciprocity For Property Presumed Abandoned Or Escheated Under The Laws Of Another State

✓ current as of May 2026

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If specific property which is subject to the provisions of sections 345.32, 345.35, 345.36, 345.37 and 345.39 is held for or owed or distributable to an owner whose last known address is in another state by a holder who is subjected to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject to sections 345.31 to 345.60 if:

(a) it may be validly claimed as abandoned or escheated under the laws of such other state; and

(b) the laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last known address is within this state by a holder who is subject to the jurisdiction of this state.

Notes of Decisions

Cited in 1 case, 1981–1981 · 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 5× “38, which are drafted to restrict applicability to one state, and section 345.40, which provides for deference to any superior claims of another state if the other state makes a reciprocal provision for any superior claims of Minnesota, reflect a concern for preventing multiple…”

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.