Mich. Comp. Laws § 567.230

Current through Public Act 57 of the 2024 Legislative Session
Section 567.230 - Determination or order by court or administrative agency of refund by business association

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.

MCL 567.230

1995, Act 29, Eff. 3/28/1996 .