{"data":{"id":"us-mn/minn.-stat.-308b.735","jurisdiction":"us-mn","citation":"Minn. Stat. § 308B.735","heading":"DISTRIBUTION OF UNCLAIMED PROPERTY.","body":"Subdivision 1. Alternate procedure to disburse property.\nA cooperative may, in lieu of paying or delivering to the state the unclaimed property specified in its report of unclaimed property, distribute the unclaimed property to a business entity or organization that is exempt from taxation.\nSubd. 2.\n[Repealed, 2005 c 109 s 8]\nSubd. 3. Owner's right extinguished on disbursement.\nThe right of an owner to unclaimed property held by a cooperative is extinguished when the property is disbursed by the cooperative to a tax exempt organization if: (1) notice that the payment is available has been mailed to the last known address of the person shown by the records to be entitled to the property; or (2) the address is unknown, notice is published in an official publication of the cooperative.","path":["BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS","CHAPTER 308B. COOPERATIVE ASSOCIATIONS ACT","CONTRIBUTIONS, ALLOCATIONS, AND DISTRIBUTIONS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/308B.735","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:41Z","sha256":"93e09ad31de4eb2369c0bd702632b0514358de7c54fc6a7235453e61c165545e","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-308b.725","next":"us-mn/minn.-stat.-308b.801"},"notice":"GroundRules: Original legal text. Not legal advice."}