Section 567.229 – Unclaimed Deposit for Utility Services.
567.229 Unclaimed deposit for utility services. Sec. 9. A deposit, including any interest on the deposit, made by a subscriber with a utility to secure payment or any sum paid in advance for utility services to be furnished, less any lawful deductions, that remains unclaimed by the owner for more than 1 year after termination […]
Section 567.244 – Disposition of Funds; Deductions; Transfer of Funds to Senior Care Respite Fund.
567.244 Disposition of funds; deductions; transfer of funds to senior care respite fund. Sec. 24. (1) Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund of this state all funds received under this act, including the proceeds from the sale of abandoned property under section 23. The administrator […]
Section 567.230 – Determination or Order by Court or Administrative Agency of Refund by Business Association.
567.230 Determination or order by court or administrative agency of refund by business association. Sec. 10. Except to the extent otherwise ordered by the court or administrative agency, any sum that a business association has been ordered to refund by a court or administrative agency that remains unclaimed by the owner for more than 1 […]
Section 567.245 – Claim of Interest in Property.
567.245 Claim of interest in property. Sec. 25. (1) A person, excluding another state, claiming an interest in any property paid or delivered to the administrator under this act, may file with the administrator a claim on a form prescribed by the administrator and verified by the claimant. (2) The administrator shall consider each claim […]
Section 567.231 – Repealed. 2004, Act 385, Imd. Eff. Oct. 12, 2004.
567.231 Repealed. 2004, Act 385, Imd. Eff. Oct. 12, 2004. Compiler’s Notes: The repealed section pertained to ownership interest in business association.
Section 567.231a – Abandonment of Ownership Interest; Exceptions.
567.231a Abandonment of ownership interest; exceptions. Sec. 11a. (1) Any stock, share, or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is presumed abandoned and, with respect to the interest, the association is the holder, if both of the following apply: (a) The […]
Section 567.232 – Unclaimed Property From Dissolved Business Association.
567.232 Unclaimed property from dissolved business association. Sec. 12. Property distributable in the course of a dissolution of a business association that remains unclaimed by the owner for more than 1 year after the date specified for final distribution is presumed abandoned. History: 1995, Act 29, Eff. Mar. 28, 1996
Section 567.233 – Property Held in Fiduciary Capacity.
567.233 Property held in fiduciary capacity. Sec. 13. (1) Property and any income or increment derived therefrom held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner, within 3 years after it has become payable or distributable, has increased or decreased the principal, accepted payment of principal or […]
Section 567.234 – Property Held by Court, Governmental Agency, or Public Corporation or Authority.
567.234 Property held by court, governmental agency, or public corporation or authority. Sec. 14. Property held for the owner by a court, state, or other government, governmental subdivision or agency, public corporation, or public authority that remains unclaimed by the owner for more than 1 year after becoming payable or distributable is presumed abandoned. History: […]
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.
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. Sec. 15. (1) Except as provided in subsection (4), a gift certificate, gift card, or credit memo is presumed abandoned if either of the following apply: […]