Michigan Compiled Laws
Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)
Section 567.221 - Short Title.

Michigan Compiled Laws

Chapter 567 - Escheats

Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)

Section 567.221 - Short Title.

Section 567.222 - Definitions.

Section 567.223 - Unclaimed Property Held in Ordinary Course of Business; Presumption.

Section 567.224 - Unclaimed Property; Conditions; Requirements.

Section 567.224a - Exception.

Section 567.225 - Outstanding Travelers Checks, Money Orders, or Similar Written Instruments.

Section 567.226 - Outstanding Checks, Drafts, or Similar Instruments.

Section 567.227 - Demand, Savings, or Matured Time Deposit.

Section 567.228 - Unclaimed Life or Endowment Insurance Policy or Annuity Contract.

Section 567.228a - Unclaimed Prepaid Funeral Contract.

Section 567.228b - Demutualization of Insurance Company; Property; Presumption; Report; Definition.

Section 567.229 - Unclaimed Deposit for Utility Services.

Section 567.230 - Determination or Order by Court or Administrative Agency of Refund by Business Association.

Section 567.231 - Repealed. 2004, Act 385, Imd. Eff. Oct. 12, 2004.

Section 567.231a - Abandonment of Ownership Interest; Exceptions.

Section 567.232 - Unclaimed Property From Dissolved Business Association.

Section 567.233 - Property Held in Fiduciary Capacity.

Section 567.234 - Property Held by Court, Governmental Agency, or Public Corporation or Authority.

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.

Section 567.236 - Unpaid Wages.

Section 567.237 - Property Held in Safe Deposit Box or Repository.

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.

Section 567.239 - Notice; Publication in Newspaper; Requirements.

Section 567.240 - Payment or Delivery of Abandoned Property to Administrator; Duplicate Certificate.

Section 567.241 - Payment or Delivery of Abandoned Property to Administrator; Rights of Property Holder.

Section 567.242 - Liquidation or Conversion of Property Into Money; Receipt of Dividends, Interest, or Other Increments.

Section 567.243 - Sale of Abandoned Property.

Section 567.244 - Disposition of Funds; Deductions; Transfer of Funds to Senior Care Respite Fund.

Section 567.245 - Claim of Interest in Property.

Section 567.246 - Claim of Interest in Property by Another State.

Section 567.247 - Action to Establish Claim in Circuit Court.

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.

Section 567.249 - Determination of Insubstantial Commercial Value; Destruction or Disposition of Property.

Section 567.250 - Expiration of Time Period Specified by Contract, Statute, or Court Order; Exception; Commencement of Action or Proceeding.

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...

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...

Section 567.251b - Streamlined Audit Process; Election; Audit.

Section 567.252 - Maintenance of Records; Required Time Periods.

Section 567.253 - Enforcement of Action; Jurisdiction.

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.

Section 567.255 - Failure to Pay or Deliver Property; Penalties; Waiver.

Section 567.256 - Agreement to Compensate for Recovery of Property; Enforcement; Agreement Between Locator and Apparent Unclaimed Property Owner.

Section 567.256a - Receipt of Unclaimed Property Account Information by Locator; Value; Format; Registration of Locator; Prohibition.

Section 567.257 - Property Held, Due, and Owing in Foreign Country; Applicability of Act.

Section 567.257a - Exemptions; "Association" Defined.

Section 567.258 - Duty Arising Before Effective Date of Act.

Section 567.259 - Administrator as Successor to State Board of Escheats.

Section 567.260 - Rules.

Section 567.261 - Applicability and Construction of Act.

Section 567.262 - Applicability of Act to Property Subject to Another Statute.

Section 567.263 - Repealed. 1997, Act 195, Imd. Eff. Dec. 30, 1997.

Section 567.264 - Repeal of MCL 567.11 to 567.76.

Section 567.265 - Effective Date.