Minn. Stat. » CHAPTER 345. UNCLAIMED PROPERTY
Minnesota Statutes

Minn. Stat. § 345.53 (2026)

Examination Of Records

✓ current as of May 2026
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Subdivision 1.Commissioner's duties.

The commissioner may at reasonable times and upon reasonable notice examine the records of any person if there is reason to believe that the person has failed to report property that should have been reported pursuant to sections 345.31 to 345.60.

Subd. 2.Examination charges.

If an examination of the records of a person results in the disclosure of property reportable and deliverable under sections 345.31 to 345.60, the commissioner may assess the cost of the examination against the holder at the rate of $15 per hour per examiner, but in no case may the charges exceed the value of the property found to be reportable and deliverable.

Notes of Decisions
Cited in 3 cases, 1981–1981 · leading case: State Ex Rel. Lord v. First Nat'l Bank of Saint Paul, 313 N.W.2d 390 (Minn. 1981).
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State Ex Rel. Lord v. First Nat'l Bank of Saint Paul, 313 N.W.2d 390 (Minn. 1981). · cites it 10× “The issue for decision is whether Minn. Stat. § 345.53 (1980), which authorizes the state treasurer to examine the records of any holder of unclaimed property, is preempted as to national banks by virtue of 12 U.”
Travelers Express Co., Inc. v. State of Minn., 506 F. Supp. 1379 (D. Minnesota 1981). · cites it 4× “Minn.Stat. § 345.53. The State, on behalf of itself and eleven other states, conducted an examination of Travelers’ books pursuant to section 345.”
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). “A. gives Minnesota the right to examine the records of anyone if there is reason to believe that property considered abandoned under the statute has not been reported.”
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