434.21 Definitions. Sec. 1. As used in this act: (a) “Collectible currency” means a medium of exchange including coins, bank notes, government notes, and paper money that has a value greater than face value. (b) “Contraband” means any property that is prohibited by any law to be owned, carried, concealed, or possessed. (c) “Currency” means […]
434.22 Duty of person finding lost property; procedure for receiving property if not claimed; inspection and classification of property; storage. Sec. 2. (1) A person who finds lost property shall report the finding or deliver the property to a law enforcement agency in the jurisdiction where the property is found. This shall include all property […]
434.23 Reports; disposition and inspection of property of minor value. Sec. 3. (1) Within 48 hours of a report or delivery under section 2(1), the following reports shall be completed on property of major value, collectible currency found in 1 location for the total value, currency found in 1 location for the total value, hazardous […]
434.24 Collectible currency and currency; contraband; property in evidence; hazardous material; junk; perishable property; property of major value; property of minor value; disposition. Sec. 4. (1) Except as otherwise provided in subsection (2), collectible currency and currency shall be returned to the legal owner when the law enforcement agency is reasonably satisfied of that ownership. […]
434.25 Notice; property not claimed within 6 months. Sec. 5. (1) The law enforcement agency shall send a notice by first class mail to any known legal owner of collectible currency, currency, evidence, perishable property, or property of major value to the last known address of record. The notice shall contain the following information: (a) […]
434.26 Disposition of collectible currency, currency, perishable property, and property of major value; keeping, classifying, and disposing of property located in abandoned vehicle. Sec. 6. (1) Collectible currency, currency, perishable property, and property of major value that is not claimed as provided under section 5(2) shall be disposed of by the law enforcement agency as […]
434.27 Jurisdiction; filing claim; hearing; notice; burden of establishing ownership; decision; liability for noncompliance. Sec. 7. (1) The following courts shall have jurisdiction regarding a dispute concerning the legal ownership of any found property: (a) A district court. (b) A municipal court. (c) A circuit court, if the amount in controversy exceeds $10,000.00. (2) When […]
434.28 Applicability of act. Sec. 8. This act does not apply to abandoned property to which Act No. 214 of the Public Acts of 1979, being sections 434.181 to 434.184 of the Michigan Compiled Laws, applies. History: 1987, Act 273, Imd. Eff. Jan. 6, 1988
434.29 Repeal of MCL 434.1 to 434.14. Sec. 9. Chapter 47 of the Revised Statutes of 1846, being sections 434.1 to 434.14 of the Michigan Compiled Laws, is repealed. History: 1987, Act 273, Imd. Eff. Jan. 6, 1988
