Laserfiche WebLink
INFORMATION ONLY INFORMATION ONLY <br /> TO: Mawr & Council <br /> FROM: Don Brager, Finance Director - Treasurer <br /> DATE: December 18, 1992 <br /> SUBJECT: The Minnesota Uniform Disposition of Unclaimed Property Act <br /> The Minnesota Uniform Disposition of Unclaimed Property Act requires <br /> that the City report unclaimed property to the Minnesota Department of <br /> Commerce. The Department of Commerce annually advertises names of <br /> owners of unclaimed property. If the property remains unclaimed it is <br /> considered abandoned and the City must give it to the State of Minnesota. <br /> The City must further make an attempt to contact the owners of unclaimed <br /> property and inform them of steps necessary to prevent abandonment of <br /> their property. For the City this act applies mostly to uncashed checks. <br /> To comply with the Act the Finance Department will send a letter to <br /> persons who have not cashed City diec s(copy attached). <br /> Should you have any questions, please do not hesitate to contact me. <br /> DB1hs <br /> Enclosure <br />