Regulates the handling of unclaimed virtual currency and funds for prepayment of funeral-related expenses in Minnesota.

The bill establishes the Revised Minnesota Unclaimed Property Act, detailing procedures for handling various types of unclaimed property. It specifies conditions under which property is presumed abandoned, such as retirement accounts, life insurance policies, and virtual currency. The commissioner of commerce is tasked with taking custody of abandoned property, maintaining records, and reporting to the general fund. The bill also outlines the process for holders to report and deliver abandoned property, and for claimants to seek recovery.

Regulates the handling of unclaimed virtual currency and funds for prepayment of funeral-related expenses in Minnesota.

The bill establishes the Revised Minnesota Unclaimed Property Act, detailing procedures for handling various types of unclaimed property. It specifies conditions under which property is presumed abandoned, such as retirement accounts, life insurance policies, and virtual currency. The commissioner of commerce is tasked with taking custody of abandoned property, maintaining records, and reporting to the general fund. The bill also outlines the process for holders to report and deliver abandoned property, and for claimants to seek recovery.