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Every day, someone loses some form of financial property because of a change of address, death, or just plainforgetfulness. What happens to these forgotten funds? The Unclaimed Property Division is responsible for holding the abandoned or unclaimed funds or property until the rightful owner or heir is found. There is a one in 20 chance that you may have $100 or more coming to you from the state's unclaimed property fund and not know it.
Unclaimed property may be in the form of abandoned savings accounts, Certificates of Deposits, safe deposit boxes, uncashed paychecks or other remittances, travelers checks, stocks and bonds, insurance, or uncashed tax refunds. The only tangible property the department receives is the contents of safe deposit boxes.
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Nearly $264 million worth of property has been returned to Minnesota residents since the Unclaimed Property Program began in 1969.
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