2010 House Bill 6421 / Public Act 197

Let state take unclaimed property sooner

Introduced in the House

Sept. 8, 2010

Introduced by Rep. Fred Durhal (D-6)

To let the state government take any unclaimed property that falls under its control if the owner does not claim it within three years. Under current law an owner has five years before the government takes his or her property. This is one of the one-time revenue sources proposed to avoid spending cuts and reforms in the fiscal year that begins Oct. 1, 2010.

Referred to the Committee on Appropriations

Sept. 16, 2010

Amendment offered by Rep. Mark Meadows (D-69)

To require the company hired to do a public information campaign notifying the public that their property may be taken sooner to be hired using competitive bidding.

The amendment passed by voice vote

Amendment offered

To extend the time before the state can take unclaimed property, not reduce it.

The amendment failed by voice vote

Passed in the House 60 to 43 (details)

Received in the Senate

Sept. 21, 2010

Referred to the Committee on Appropriations

Sept. 23, 2010

Amendment offered

To exempt travelers checks from the three year period proposed by the bill, and establish that if a travelers check hasn't been cashed after 15 years (same as under current law).

The amendment passed by voice vote

Amendment offered by Sen. Jason Allen (R-37)

To exempt property owned by a military service member on active duty outside the country from the three year taking proposal.

The amendment passed by voice vote

Passed in the Senate 36 to 0 (details)

To let the state government take any unclaimed property that falls under its control if the owner does not claim it within three years. Under current law an owner has five years before the government takes his or her property. This is one of the one-time revenue sources proposed to avoid spending cuts and reforms in the fiscal year that begins Oct. 1, 2010.

Received in the House

Sept. 23, 2010

Passed in the House 61 to 44 (details)

Signed by Gov. Jennifer Granholm

Oct. 5, 2010