To the Editor,
I had a commodity brokerage account I hadn’t used/traded in for the past 4-5 years, which had a small but significant balance. I received a letter from that business stating “The State of MN recognizes this as unclaimed property that will be transferred to the State.” The only reason given from the State of MN: inactivity. I’m still alive, I’m aware of the account, and I thought it was my money to put where I please. I had just 30 days to give written claim to the property (money), or the State of MN would confiscate. I’m sure it’s legal, but very unethical, in my opinion, for the State of MN to just take people’s money due to inactivity.
My suggestion this winter: check on older accounts for yourself, check on your aging parents’ accounts, and get your money before the State of MN decides they have a better use for it.
Steven L. Snyder
Lanesboro, Minn.
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