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Xemption. Property presumed abandoned; general rule. General rules for taking custody of intangible unclaimed property. Travelers checks and money orders. Checks, drafts and similar instruments issued or certified by banking and financial organizations. 177.06 Bank deposits and funds in financial organizations. 177.07 Funds owing under life insurance policies. 177.075 Distributions caused by certain insurance company activities. 177.08 Deposits held by utilities. 177.09 Refunds held by business.

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The Texas unclaimed property law requires financial institutions, businesses and government entities to report to the state any personal property they are holding that is considered abandoned or unclaimed after a one-to five-year time period.

The most common types of unclaimed property are: Bank accounts and safe deposit box contents. Stocks, mutual funds, bonds, and dividends. Uncashed cashier's checks and money orders. Certificates of deposit. Matured or terminated insurance policies. Estates. Mineral interests and royalty payments.

The purpose of unclaimed property is to protect the property rights of the owner and reunite lost owners with their property. Unclaimed property also relieves holders from the property liability and protects holders from subsequent claims by the owner.

The Michigan Unclaimed Property Act allows for specific amounts to be excluded from reporting, including wages of $50 or less and non-wages of $25 or less.

Michigan requires holders to send due diligence notifications for any property with a value of $50 or more. If the holder is reporting at least 25,000 properties over $50 each, this threshold value increases to $100.

If after 3 months the property has not been claimed by the legal owner, the property may be disposed of in any manner by the law enforcement agency.

Under Michigan's Uniform Unclaimed Property Act, Public Act 29 of 1995, Michigan businesses and government entities must report and remit to the Michigan Department of Treasury any abandoned and unclaimed property they hold that belongs to: Owners whose last known address is in Michigan, or.

Here's how to get claim missing money in Michigan: Go to unclaimed property.michigan.gov. Hit "get started" and search to see if the state lists any properties under your name. If so, fill out an online form to start a claim. The state will email you a PDF.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232