(b) The insured has attained, or would have attained if he or she were living, the limiting age under the mortality table on which the reserve is based; the policy was in force at the time the insured attained, or would have attained, the limiting age; and neither the insured nor any other person appearing to have an interest in the policy within the preceding 2 years, according to the records of the insurance company, has assigned, readjusted, or paid premiums on the policy, subjected the policy to a loan, corresponded in writing with the insurance company concerning the policy, or otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the insurance company. Services Law, Real M.C.L. Payment or delivery of abandoned property to administrator; duplicate certificate. Unclaimed property held in ordinary course of business; presumption. Getting a lawyer's help. (3) If the person holding property presumed abandoned and subject to the states custody as unclaimed property under this act is a successor to other persons who previously held the property for the apparent owner, or the holder has changed its name while holding the property, the holder shall file with the report all known names and addresses of each previous holder of the property. M.C.L. 12. 567.246, Sec. M.C.L. When Does Personal Property Become Abandoned - US Legal Forms : This act shall be known and may be cited as the uniform unclaimed property act. If reimbursement is sought for a payment made on a negotiable instrument, including a travelers check or money order, the holder shall be reimbursed under this subsection upon filing proof that the instrument was duly presented and that payment was made to a person who appeared to the holder to be entitled to payment. 26.1055(24)]. Failure to pay or deliver property; penalties; waiver. (k) Last known address means a description of the location of the apparent owner sufficient for the purpose of the delivery of mail. Michigan Unclaimed Property - Official State Site
