Section 567.262 – Applicability of Act to Property Subject to Another Statute.
567.262 Applicability of act to property subject to another statute. Sec. 42. This act shall not apply to unclaimed, lost, or abandoned property, if the loss, abandonment, or failure to claim the property is the subject of another statute of this state that specifies to whom ownership of the property shall devolve. History: 1995, Act […]
Section 567.263 – Repealed. 1997, Act 195, Imd. Eff. Dec. 30, 1997.
567.263 Repealed. 1997, Act 195, Imd. Eff. Dec. 30, 1997. Compiler’s Notes: The repealed section pertained to hiring of additional personnel or independent contractors.
Section 567.264 – Repeal of MCL 567.11 to 567.76.
567.264 Repeal of MCL 567.11 to 567.76. Sec. 44. Act No. 329 of the Public Acts of 1947, being sections 567.11 to 567.76 of the Michigan Compiled Laws, is repealed. History: 1995, Act 29, Eff. Mar. 28, 1996
Section 567.265 – Effective Date.
567.265 Effective date. Sec. 45. This act shall take effect January 1, 1996. History: 1995, Act 29, Eff. Mar. 28, 1996
Section 567.256 – Agreement to Compensate for Recovery of Property; Enforcement; Agreement Between Locator and Apparent Unclaimed Property Owner.
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 or assist in the recovery of property reported under section 18, made within 24 months after the date payment or delivery is made under section 20, is unenforceable. […]
Section 567.256a – Receipt of Unclaimed Property Account Information by Locator; Value; Format; Registration of Locator; Prohibition.
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 unclaimed property account information to a locator for unclaimed accounts that remain unclaimed for not less than 24 months after the date payment or delivery is made under section 20 […]
Section 567.257 – Property Held, Due, and Owing in Foreign Country; Applicability of Act.
567.257 Property held, due, and owing in foreign country; applicability of act. Sec. 37. This act does not apply to any property held, due, and owing in a foreign country and arising out of a foreign transaction. History: 1995, Act 29, Eff. Mar. 28, 1996
Section 567.257a – Exemptions; “Association” Defined.
567.257a Exemptions; “association” defined. Sec. 37a. (1) Except with respect to property described in sections 7 and 17, this act does not apply to any credit balances, overpayments, deposits, refunds, discounts, rebates, credit memos, or unidentified remittances created on or after April 1, 2009 and issued, held, due, or owing in any transactions between 2 […]
Section 567.258 – Duty Arising Before Effective Date of Act.
567.258 Duty arising before effective date of act. Sec. 38. (1) This act does not relieve a holder of a duty that arose before the effective date of this act to report, pay, or deliver property. A holder who did not comply with the law in effect before the effective date of this act is […]
Section 567.259 – Administrator as Successor to State Board of Escheats.
567.259 Administrator as successor to state board of escheats. Sec. 39. The administrator is the successor to the state board of escheats created by former Act No. 329 of the Public Acts of 1947. A reference to the state board of escheats in any other provision of law is considered a reference to the administrator […]