A Network of the National Association of State Treasurers

Minnesota

Minnesota Department of Commerce
Unclaimed Property Division
Director: Scott Halvorson, Director
Office phone: (651) 539-1545
85 7th Place East, Suite 600 St. Paul, MN 55101-3165

Dormancy Periods

The following dormancy periods are listed in years, unless otherwise noted.

Savings: 3
Checking: 3
Non-bank Money Orders: 7
Certificates of Deposit: 3
Official Bank Checks/MO: 3
Safe Deposit Boxes: 5
Travelers Checks: 15
Life Insurance Matured: 3
Otherwise: 3
All: 3
Casualty: 3
Utility Deposits: 1
Utility Refunds: 1
Dividends: 3
Securities: 3
Debt (bonds): 3
Dissolution/Liquidation: 6 months
Fiduciaries: 3
Wages: 1
State Courts/Agencies: 3
Federal Courts/Agencies: 3
Mineral Proceeds: 3
All Other Property: 3
IRA Keogh: 3
Gift Certificate: * Minnesota's U.P. Act was amended to no longer include gift certificates in reportable intangible property. This change was effective on July 1, 2001. Minnesota still considers a gift certificate issued June 30, 2001 or before reportable as unclaimed property three years after the date of issue if not presented for redemption.
Credit Memos: 3
Vendor-Vendor Payments: 3
Aggregate Amount: 100

Reporting and Payment Due Dates

The following indicates the report and payment due dates for the various property types.

Report Due—Life Insurance: September 30
Report Due—All Others: October 31
Payment Due—Life Insurance: September 30
Payment Due—All Others: October 31
Exceptions:

Electronic Reporting Capability Schedule

The following indicates which types of reporting formats are accepted by this state.

Diskette: Yes
Tape: No
Cartridge: No
CD: Yes
NAUPA Format: Yes
Comments: Prefer diskette if 10 or more holders. Requires reporting electronically if more than five properties.

Information contained in the NAUPA QRP States Unclaimed Property Monitoring Service is for informational and reference purposes only. This information may not be copied or reproduced in any capacity without the express written consent of the National Association of Unclaimed Property Administrators®. Liability arising from the reliance on any information contained in the material presented, which may prove to be inaccurate or incomplete, is specifically disclaimed. Contact each state unclaimed property agency for verification should a question or concern arise.