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

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  2. Michigan Compiled Laws
  3. Escheats
  4. 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)

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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Repealed. 2004, Act 385, Imd.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 Report; Issuance of Check in Streamlined Process; "Substantially Complete Records" Defined.

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; "Notice of Examination Determination" Defined.

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.