Minnesota Statutes 345.25 – Bonds Issued by Religious Organizations

Current as of: 2023 | Check for updates | Other versions

Bonds issued by religious organizations are exempt from sections 345.31 to 345.60 and are not otherwise subject to escheat.

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Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. ^{Source: OCC}