Minn. Stat. § 345.52

The commissioner, after receiving reports of property deemed abandoned pursuant to sections 345.31 to 345.60 , may decline to receive any property reported on deeming it to have a value less than the cost of giving notice and holding sale, or the commissioner may, on deeming it desirable because of the small sum involved, postpone taking possession until a sufficient sum accumulates. Unless the holder of the property is notified to the contrary within 120 days after filing the report required under section 345.41 , the commissioner shall be deemed to have elected to receive the custody of the property.