State Codes and Statutes
Statutes > Michigan > Chapter-567 > Act-29-of-1995 > Section-567-230UNIFORM UNCLAIMED PROPERTY ACT (EXCERPT)
Act 29 of 1995
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
