May 30, 2006, Introduced by Rep. Mortimer and referred to the Committee on Tax Policy.
A bill to amend 1995 PA 29, entitled
"Uniform unclaimed property act,"
by amending section 19 (MCL 567.239), as amended by 2004 PA 385.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
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.
(6) Beginning October 1, 2006, the department of treasury and
the administrator shall develop a link to the state main website
that is prominently displayed on the state's main website that
clearly shows how to access the unclaimed property division
database.