reglab/housing_qa huggingface dataset:
MI Comp L § 567.223 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.223 - Unclaimed Property Held in Ordinary Course of Business; Presumption.

567.223 Unclaimed property held in ordinary course of business; presumption.Sec. 3.  (1) Except as otherwise provided by this act, all property, including any income or increment derived from the property, less any lawful charges, that is held, issued, or owing in the ordinary course of a holder's business and remains unclaimed by the owner for more than 3 years after it becomes payable or distributable is presumed abandoned.  (2) Property is payable or distributable for the purpose of this act, notwithstanding the owner's failure to make demand or to present any instrument or document required to receive payment. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010 Compiler's Notes: Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
MI Comp L § 567.224 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.224 - Unclaimed Property; Conditions; Requirements.

567.224 Unclaimed property; conditions; requirements. Sec. 4.  Unless otherwise provided in this act or by law, property is subject to the custody of this state as unclaimed property, if the conditions raising a presumption of abandonment under sections 3 and 6 to 17 are satisfied and 1 or more of the following requirements are met:  (a) The last known address, as shown on the records of the holder, of the apparent owner is in this state.  (b) The records of the holder do not reflect the identity of the person entitled to the property and it is established that the last known address of the person entitled to the property is in this state.  (c) The records of the holder do not reflect the last known address of the apparent owner, and 1 of the following is established:  (i) That the last known address of the person entitled to the property is in this state.  (ii) That the holder is domiciled in this state or is a government or governmental subdivision or agency of this state and has not previously paid or delivered the property to the state of the last known address of the apparent owner or other person entitled to the property.  (d) The last known address, as shown on the records of the holder, of the apparent owner is in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property and the holder is domiciled in this state or is a government or governmental subdivision or agency of this state.  (e) The last known address, as shown on the records of the holder, of the apparent owner is in a foreign nation and the holder is domiciled in this state or is a government or governmental subdivision or agency of this state.  (f) The transaction out of which the property arose occurred in this state, and both of the following are established:  (i) The last known address of the apparent owner or other person entitled to the property is unknown or is in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property.  (ii) The holder is domiciled in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property. History: 1995, Act 29, Eff. Mar. 28, 1996
MI Comp L § 567.224a (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.224a - Exception.

567.224a Exception.Sec. 4a.  (1) Except as provided in subsection (2), property is not subject to the custody of this state as unclaimed property if its value is $25.00 or less.  (2) Subsection (1) does not apply to property described in section 11a or dividends. History: Add. 2015, Act 242, Imd. Eff. Dec. 22, 2015 Compiler's Notes: Enacting section 1 of Act 242 of 2015 provides:"Enacting section 1. This amendatory act is retroactive and applies to audits in progress as of August 15, 2015, but does not retroactively apply to contested determinations in litigation before the date of enactment of this amendatory act."
MI Comp L § 567.226 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.226 - Outstanding Checks, Drafts, or Similar Instruments.

567.226 Outstanding checks, drafts, or similar instruments.Sec. 6.  (1) Any sum payable on a check, draft, or similar instrument, except those subject to section 5, on which a banking or financial organization is directly liable, including a cashier's check and a certified check, which is outstanding for more than 3 years after it was payable or after its issuance if payable on demand, is presumed abandoned, unless the owner, within 3 years, has communicated in writing with the banking or financial organization concerning it or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the banking or financial organization.  (2) A holder may not deduct from the amount of any instrument subject to this section any charge imposed by reason of the failure to present the instrument for payment unless there is an enforceable written contract between the holder and the owner of the instrument under which the holder may impose a charge, and the holder regularly imposes such charges and does not regularly reverse or otherwise cancel them. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010 Compiler's Notes: Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
MI Comp L § 567.228a (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.228a - Unclaimed Prepaid Funeral Contract.

567.228a Unclaimed prepaid funeral contract.Sec. 8a.  (1) Funds held by a provider under the prepaid funeral contract funding act, 1986 PA 255, MCL 328.211 to 328.235, that remain unclaimed for a period of 3 years after the death of the contract beneficiary or, if no contract beneficiary has been designated under the prepaid funeral contract, 3 years after the death of the owner of the prepaid funeral contract are presumed abandoned.  (2) Funds held pursuant to 1954 PA 70, MCL 328.201 to 328.204, are presumed abandoned, after a period of 3 years, unless the owner or person entitled to the funds has communicated in writing with the banking or financial organization concerning the funds or otherwise indicated in interest as evidenced by a memorandum or other record on file prepared by an employee of the banking or financial organization. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010 Compiler's Notes: Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
MI Comp L § 567.228b (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.228b - Demutualization of Insurance Company; Property; Presumption; Report; Definition.

567.228b Demutualization of insurance company; property; presumption; report; definition. Sec. 8b.  (1) Property distributable in the course of the demutualization of an insurance company is presumed abandoned as follows:  (a) Any funds, 2 years after the date of the demutualization, if the funds remain unclaimed and the owner has not otherwise communicated with the holder or its agent regarding the property as evidenced by a memorandum or other record on file with the holder or its agent.  (b) Any stock, 2 years after the date of the demutualization, if instruments or statements reflecting the distribution are either mailed to the owner and returned by the post office as undeliverable or not mailed to the owner because of an address on the books and records of the holder that is known to be incorrect and the owner has not otherwise communicated with the holder or its agent regarding the property as evidenced by a memorandum or other record on file with the holder or its agent.  (2) A holder of unclaimed property described in subsection (1) shall file an initial 1-time report of unclaimed demutualization proceeds not later than September 1, 2004 for the 1-year period ending December 31, 2003.  (3) As used in this section, "demutualization" means the payment of consideration for the relinquishment of a mutual membership interest in a mutual insurance company, regardless if undertaken in conjunction with a plan of demutualization, liquidation, merger, or other form of reorganization. History: Add. 2004, Act 82, Imd. Eff. Apr. 22, 2004
MI Comp L § 567.229 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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 of the services for which the deposit or advance payment was made is presumed abandoned. History: 1995, Act 29, Eff. Mar. 28, 1996
MI Comp L § 567.230 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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 year after it became payable in accordance with the final determination or order providing for the refund, whether or not the final determination or order requires any person entitled to a refund to make a claim for the refund, is presumed abandoned. History: 1995, Act 29, Eff. Mar. 28, 1996
MI Comp L § 567.231 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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.
MI Comp L § 567.231a (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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 interest in the association is owned by a person who for more than 3 years has not claimed a dividend, distribution, or other sum payable as a result of the interest, or who has not communicated with the association regarding the interest or a dividend, distribution, or other sum payable as the result of the interest, as evidenced by a memorandum or other record on file with the association prepared by an employee of the association.  (b) The association does not know the location of the owner at the end of the 3-year period.  (2) The return of official shareholder notifications or communications by the postal service as undeliverable is evidence that the association does not know the location of the owner.  (3) This section applies to both the underlying stock, share, or other intangible ownership interest of an owner, and any stock, share, or other intangible ownership interest of which the business association is in possession of the certificate or other evidence or indicia of ownership, and to the stock, share, or other ownership interest of dividend and nondividend paying business associations whether or not the interest is represented by a certificate.  (4) At the time an interest is presumed abandoned under this section, any dividend, distribution, or other sum then held for or owing to the owner as a result of the interest, and not previously presumed abandoned, is presumed abandoned.  (5) This section does not apply to any stock or other intangible ownership interest enrolled in a plan that provides for the automatic reinvestment of dividends, distributions, or other sums payable as a result of the interest unless 1 or more of the following apply:  (a) The records available to the administrator of the plan show, with respect to any intangible ownership interest not enrolled in the reinvestment plan, that the owner has not within 3 years communicated in any manner described in subsection (1).  (b) Three years have elapsed since the location of the owner became unknown to the association, as evidenced by the return of official shareholder notifications or communications by the postal service as undeliverable, and the owner has not within 3 years communicated in any manner described in subsection (1). History: Add. 2004, Act 385, Imd. Eff. Oct. 12, 2004
MI Comp L § 567.232 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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
MI Comp L § 567.233 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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 income, communicated concerning the property, or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by the fiduciary.  (2) Funds in an individual retirement account or a qualified retirement plan for self-employed individuals or similar account or qualified plan established under the internal revenue code are not payable or distributable within the meaning of subsection (1) unless, under the terms of the account or qualified plan, distribution of all or part of the funds would then be mandatory.  (3) For the purpose of this section, a person who holds property as an agent for a business association is deemed to hold the property in a fiduciary capacity for that business association alone, unless the agreement between him or her and the business association provides otherwise.  (4) For the purposes of this act, a person who is deemed to hold property in a fiduciary capacity for a business association alone is the holder of the property only insofar as the interest of the business association in the property is concerned, and the business association is the holder of the property insofar as the interest of any other person in the property is concerned. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010 Compiler's Notes: Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
MI Comp L § 567.234 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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: 1995, Act 29, Eff. Mar. 28, 1996
MI Comp L § 567.235 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|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:  (a) The certificate, card, or memo is not claimed or used for a period of 3 years after becoming payable or distributable.   (b) The certificate, card, or memo was used or claimed 1 or more times without exhausting its full value, but subsequently was not claimed or used for an uninterrupted period of 3 years.  (2) For purposes of subsection (1), a gift certificate or gift card is considered to have been claimed or used if there is any transaction processing activity on the gift certificate or gift card including, but not limited to, redeeming, refunding, or adding value to the certificate or card. Activity initiated by the issuer of the certificate or card, including, but not limited to, assessing inactivity fees or similar service fees, does not constitute transaction processing activity for purposes of this subsection.  (3) In the case of a gift certificate or gift card, the owner is presumed to be a gift recipient of the gift certificate or gift card, and the amount presumed abandoned is the price paid by the purchaser for the gift certificate or gift card, less the total of any purchases or fees assessed against the certificate or card. In the case of a credit memo, the amount presumed abandoned is the amount credited to the recipient of the memo.  (4) This act does not apply to a gift certificate as defined in section 3e of the Michigan consumer protection act, 1976 PA 331, MCL 445.903e, that is issued for retail goods or services by a person engaged in the retail sale of goods or services. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2008, Act 208, Eff. Sept. 30, 2008 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010 Compiler's Notes: Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
MI Comp L § 567.236 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.236 - Unpaid Wages.

567.236 Unpaid wages. Sec. 16.  (1) Unpaid wages greater than $50.00, including wages represented by unpresented payroll checks greater than $50.00, owing in the ordinary course of the holder's business that remain unclaimed by the owner for more than 1 year after becoming payable are presumed abandoned.  (2) Unpaid wages of $50.00 or less owing in the ordinary course of the holder's business that remain unclaimed by the owner for more than 1 year after becoming payable are not subject to this act. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2002, Act 677, Imd. Eff. Dec. 30, 2002
MI Comp L § 567.237 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.237 - Property Held in Safe Deposit Box or Repository.

567.237 Property held in safe deposit box or repository.Sec. 17.  All property held in a safe deposit box or any other safekeeping repository in this state in the ordinary course of the holder's business and proceeds resulting from the sale of the property permitted by law, that remain unclaimed by the owner for more than 3 years after the lease or rental period on the box or other repository has expired, are presumed abandoned. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2010, Act 197, Imd. Eff. Oct. 5, 2010 Compiler's Notes: Enacting section 1 of Act 197 of 2010 provides:"Enacting section 1. This amendatory act applies to property presumed abandoned and subject to the state's custody as unclaimed property under this act reportable to the state for any period ending after June 30, 2010."
MI Comp L § 567.239 (2021)
2021 Michigan Compiled Laws|Chapter 567 - Escheats|Act 29 of 1995 - Uniform Unclaimed Property Act (567.221 - 567.265)|Section 567.239 - Notice; Publication in Newspaper; Requirements.

567.239 Notice; publication in newspaper; requirements.Sec. 19.  (1) The administrator shall cause a notice to be published once every 6 months in a newspaper that has statewide circulation.   (2) The published notice shall be entitled "notice to persons and entities who may be owners of abandoned property" and contain all of the following:  (a) A statement of the number of new properties that have been added to the department of treasury website and that the list of new properties will be available for not less than 1 year.  (b) The department's website address. The website shall enable persons and entities to search for their abandoned property.  (c) The department's telephone number for persons and entities wishing to contact the department via telephone in search of their abandoned property.  (d) A statement that anyone interested in searching the department of treasury website may search the internet at his or her local public library.  (3) The website shall contain all of the following:  (a) The name of any person for whom property has been added to the unclaimed property division database.  (b) A statement that information concerning the property may be obtained by any person possessing an interest in the property by addressing an inquiry to the administrator.  (c) A claim form.  (d) A statement informing an owner of property held by the administrator how to file a claim with the administrator to receive his or her property.   (4) The administrator is not required to publish on the website any items of less than $50.00 unless the administrator considers publication of 1 or more of those items to be in the public interest.  (5) This section is not applicable to sums payable on travelers checks, money orders, and other written instruments presumed abandoned under section 5. History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 1997, Act 195, Imd. Eff. Dec. 30, 1997 ;-- Am. 2004, Act 82, Imd. Eff. Apr. 22, 2004 ;-- Am. 2004, Act 385, Imd. Eff. Oct. 12, 2004