Michigan § 567.240 Payment or delivery of abandoned property to administrator; duplicate certificate.

Michigan Statutes

§ 567.240 — Payment or delivery of abandoned property to administrator; duplicate certificate.

Michigan § 567.240

Ch. 567ESCHEATS

Act 29 of 1995UNIFORM UNCLAIMED PROPERTY ACT (567.221-567.265)

This text of Michigan § 567.240 (Payment or delivery of abandoned property to administrator; duplicate certificate.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 567.240 (2026).

Text

UNIFORM UNCLAIMED PROPERTY ACT (EXCERPT) Act 29 of 1995 567.240 Payment or delivery of abandoned property to administrator; duplicate certificate. Sec. 20.

(1)A person who is required to file a report under section 18 shall at the time for filing the report pay or deliver to the administrator all abandoned property that is required to be reported under section 18 or any balance owing if an estimated payment was made under section 18.

(2)The holder of an interest under section 11 shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the administrator. Upon delivery of a duplicate certificate to the administrator, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in exec

Free access — add to your briefcase to read the full text and ask questions with AI

UNIFORM UNCLAIMED PROPERTY ACT (EXCERPT) Act 29 of 1995 567.240 Payment or delivery of abandoned property to administrator; duplicate certificate. Sec. 20. (1) A person who is required to file a report under section 18 shall at the time for filing the report pay or deliver to the administrator all abandoned property that is required to be reported under section 18 or any balance owing if an estimated payment was made under section 18. (2) The holder of an interest under section 11 shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the administrator. Upon delivery of a duplicate certificate to the administrator, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in executing or delivering the duplicate certificate is relieved of all liability of every kind in accordance with the provision of section 21 to every person, including any person acquiring the original certificate or the duplicate of the certificate issued to the administrator, for any losses or damages resulting to any person by the issuance and delivery to the administrator of the duplicate certificate.