Michigan Compiled Laws
Chapter 567 - Escheats
Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)

Section 567.225 - Outstanding Travelers Checks, Money Orders, or Similar Written Instruments. - Sec. 5. (1) Subject to subsection (4), any sum payable...

Section 567.226 - Outstanding Checks, Drafts, or Similar Instruments. - Sec. 6. (1) Any sum payable on a check, draft,...

Section 567.227 - Demand, Savings, or Matured Time Deposit. - Sec. 7. (1) Any demand, savings, or matured time deposit...

Section 567.228 - Unclaimed Life or Endowment Insurance Policy or Annuity Contract. - Sec. 8. (1) Funds held or owing under any life...

Section 567.228a - Unclaimed Prepaid Funeral Contract. - Sec. 8a. (1) Funds held by a provider under the...

Section 567.228b - Demutualization of Insurance Company; Property; Presumption; Report; Definition. - Sec. 8b. (1) Property distributable in the course of the...

Section 567.229 - Unclaimed Deposit for Utility Services. - Sec. 9. A deposit, including any interest on the deposit,...

Section 567.230 - Determination or Order by Court or Administrative Agency of Refund by Business Association. - Sec. 10. Except to the extent otherwise ordered by the...

Section 567.231 - Repealed. 2004, Act 385, Imd. Eff. Oct. 12, 2004. - Compiler's Notes: The repealed section pertained to ownership interest in...

Section 567.231a - Abandonment of Ownership Interest; Exceptions. - Sec. 11a. (1) Any stock, share, or other intangible ownership...

Section 567.232 - Unclaimed Property From Dissolved Business Association. - Sec. 12. Property distributable in the course of a dissolution...

Section 567.233 - Property Held in Fiduciary Capacity. - Sec. 13. (1) Property and any income or increment derived...

Section 567.234 - Property Held by Court, Governmental Agency, or Public Corporation or Authority. - Sec. 14. Property held for the owner by a court,...

Section 567.235 - Gift Certificate, Gift Card, or Credit Memo; Presumption of Abandonment; Considered as Used or Claimed; Presumption of Amount Abandoned; Act Inapplicable to Gift Certificate Defined in MCL 445.903e. - Sec. 15. (1) Except as provided in subsection (4), a...

Section 567.236 - Unpaid Wages. - Sec. 16. (1) Unpaid wages greater than $50.00, including wages...

Section 567.237 - Property Held in Safe Deposit Box or Repository. - Sec. 17. All property held in a safe deposit box...

Section 567.238 - Report of Presumed Abandoned Property; Duties of Property Holder; Applicability of Certain Provisions to Owners of Property on Active Duty Military Service. - Sec. 18. (1) A person holding property presumed abandoned and...

Section 567.239 - Notice; Publication in Newspaper; Requirements. - Sec. 19. (1) The administrator shall cause a notice to...

Section 567.240 - Payment or Delivery of Abandoned Property to Administrator; Duplicate Certificate. - Sec. 20. (1) A person who is required to file...

Section 567.241 - Payment or Delivery of Abandoned Property to Administrator; Rights of Property Holder. - Sec. 21. (1) Upon the payment or delivery of property...

Section 567.242 - Liquidation or Conversion of Property Into Money; Receipt of Dividends, Interest, or Other Increments. - Sec. 22. If property other than money is paid or...

Section 567.243 - Sale of Abandoned Property. - Sec. 23. (1) Except as provided in subsections (2) and...

Section 567.244 - Disposition of Funds; Deductions; Transfer of Funds to Senior Care Respite Fund. - Sec. 24. (1) Except as otherwise provided by this section,...

Section 567.245 - Claim of Interest in Property. - Sec. 25. (1) A person, excluding another state, claiming an...

Section 567.246 - Claim of Interest in Property by Another State. - Sec. 26. (1) At any time after property has been...

Section 567.247 - Action to Establish Claim in Circuit Court. - Sec. 27. A person who is aggrieved by a decision...

Section 567.248 - Property Declined by Administrator; Destruction or Disposition of Property by Holder; Failure of Owner to Act in Relation to Property for 2 Years. - Sec. 28. (1) The administrator may decline to receive property...

Section 567.249 - Determination of Insubstantial Commercial Value; Destruction or Disposition of Property. - Sec. 29. If the administrator determines after investigation that any...

Section 567.250 - Expiration of Time Period Specified by Contract, Statute, or Court Order; Exception; Commencement of Action or Proceeding. - Sec. 30. (1) The expiration, before or after the effective...

Section 567.251 - Verified Report of Unclaimed Property Being Held; Examination of Records to Determine Compliance With Act; Notice; Audit; Incomplete Records; Cost of Examination; Failure to Maintain Records; Insufficient Records for Preparation of... - Sec. 31. (1) The administrator may require a person who...

Section 567.251a - Failure of Holder to Report or Deliver Unclaimed Property; Notice of Examination Determination; Request for Reconsideration; Notice of Appeal; Hearing; Decision; Filing Action in Circuit Court; Waiver of Penalties or Interest; "Not... - Sec. 31a. (1) If the administrator determines that a holder...

Section 567.251b - Streamlined Audit Process; Election; Audit. - Sec. 31b. (1) Eligible holders being examined by the administrator...

Section 567.252 - Maintenance of Records; Required Time Periods. - Sec. 32. (1) A holder required to file a report...

Section 567.253 - Enforcement of Action; Jurisdiction. - Sec. 33. The administrator may bring an action in a...

Section 567.254 - Agreements With Other States to Exchange Information; Advisement and Consultation; Enforcement; Action Brought by Attorney General in Name of Another State; Action Brought in Another State in Name of Administrator. - Sec. 34. (1) The administrator may enter into an agreement...

Section 567.255 - Failure to Pay or Deliver Property; Penalties; Waiver. - Sec. 35. (1) A person who fails to pay or...

Section 567.256 - Agreement to Compensate for Recovery of Property; Enforcement; Agreement Between Locator and Apparent Unclaimed Property Owner. - Sec. 36. (1) An agreement to pay compensation to recover...

Section 567.256a - Receipt of Unclaimed Property Account Information by Locator; Value; Format; Registration of Locator; Prohibition. - Sec. 36a. (1) The administrator may sell or otherwise provide...

Section 567.257 - Property Held, Due, and Owing in Foreign Country; Applicability of Act. - Sec. 37. This act does not apply to any property...

Section 567.257a - Exemptions; "Association" Defined. - Sec. 37a. (1) Except with respect to property described in...

Section 567.258 - Duty Arising Before Effective Date of Act. - Sec. 38. (1) This act does not relieve a holder...

Section 567.259 - Administrator as Successor to State Board of Escheats. - Sec. 39. The administrator is the successor to the state...

Section 567.260 - Rules. - Sec. 40. The administrator may promulgate rules necessary to carry...

Section 567.261 - Applicability and Construction of Act. - Sec. 41. This act shall be applied and construed as...

Section 567.262 - Applicability of Act to Property Subject to Another Statute. - Sec. 42. This act shall not apply to unclaimed, lost,...

Section 567.263 - Repealed. 1997, Act 195, Imd. Eff. Dec. 30, 1997. - Compiler's Notes: The repealed section pertained to hiring of additional...

Section 567.264 - Repeal of MCL 567.11 to 567.76. - Sec. 44. Act No. 329 of the Public Acts of...

Section 567.265 - Effective Date. - Sec. 45. This act shall take effect January 1, 1996....

Michigan Compiled Laws Chapter 567 - Escheats Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)

Michigan Compiled Laws
Chapter 567 - Escheats
Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)