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Section 567.263 – Repealed. 1997, Act 195, Imd.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567.263 Repealed. 1997, Act 195, Imd.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 Compiler’s Notes: The repealed section pertained to hiring of additional personnel or independent contractors.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 Act No. 329 of the Public Acts of 1947, being sections 567.11 to 567.76 of the Michigan Compiled Laws, is repealed.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 567.258 – 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 […]
Section 567.260 – Rules.
567.260 Rules. Sec. 40. The administrator may promulgate rules necessary to carry out the provisions of this act under the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws. History: 1995, Act 29, Eff. Mar. 28, 1996
Section 567.261 – Applicability and Construction of Act.
567.261 Applicability and construction of act. Sec. 41. This act shall be applied and construed as to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. History: 1995, Act 29, Eff. Mar. 28, 1996
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.
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 with another state to exchange information needed to enable this or another state to […]
Section 567.255 – Failure to Pay or Deliver Property; Penalties; Waiver.
567.255 Failure to pay or deliver property; penalties; waiver. Sec. 35. (1) A person who fails to pay or deliver property within the time prescribed by this act shall pay to the administrator interest at the current monthly rate of 1 percentage point above the adjusted prime rate per annum per month on the property […]