2015 Michigan Compiled Laws
Chapter 567 - Escheats
Act 29 of 1995 UNIFORM UNCLAIMED PROPERTY ACT (567.221 - 567.265)
Section 567.249 Determination of insubstantial commercial value; destruction or disposition of property.
567.249 Determination of insubstantial commercial value; destruction or disposition of property.
Sec. 29.
If the administrator determines after investigation that any property delivered under this act has insubstantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding shall not be maintained against the state or any officer or against the holder for or on account of any action taken by the administrator under this section.
History: 1995, Act 29, Eff. Mar. 28, 1996
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