Bill
SB 389
State management: escheats; unclaimed property of military personnel; modify dormancy periods. Amends secs. 5, 6, 7, 8, 13, 15, 17 & 18 of 1995 PA 29 (MCL 567.225 et seq.) & adds sec. 17a.
2023-2024 Regular Session
Introduced by Rosemary Bayer and 8 co-sponsors
Michigan extends dormancy periods for unclaimed property belonging to active military personnel before state seizure, protecting service members from losing assets during deployment.
ASSIGNED PA 0101'24 WITH IMMEDIATE EFFECT