Minnesota § 345.55 - PENALTIES
Full text of Minnesota Minnesota Statutes § 345.55 — PENALTIES, with citation guidance and answers to common questions.
§ 345.55. PENALTIES
Subdivision 1.Misdemeanor.
Any person who willfully fails to render any report or perform other duties required under sections 345.31 to 345.60, shall be guilty of a misdemeanor.
Subd. 2.Gross misdemeanor.
Any person who willfully refuses to pay or deliver abandoned property to the commissioner as required under sections 345.31 to 345.60 shall be guilty of a gross misdemeanor.
Subd. 3.Interest assessment after demand.
In addition to any damages, penalties, or fines for which a person may be liable under other provisions of law, any person who fails to pay or deliver unclaimed property within the time prescribed by this chapter after written demand therefor by the commissioner made after March 29, 1978, shall pay to the commissioner interest at the rate of 12 percent per annum on the property or value thereof from the date of the written demand.
History:
1969 c 725 s 25; 1978 c 664 s 3; 1983 c 301 s 234
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 345.55
What does Minnesota Statutes § 345.55 cover?
Section 345.55 ("PENALTIES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 345.55?
A common citation format is "Minnesota Statutes § 345.55" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 345.55 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.