Keane's Unclaimed Property Blog

Money Orders (2 articles)

Michigan HB 6421 – Signed into Law by the Governor – Reduces Unclaimed Property Dormancy Periods

Abandoned Property, Abandoned Property Law, Compliance, Dormancy Periods, Gift Card Escheatment, Legislative Alerts, Money Orders, State Escheatment, Unclaimed Property, Unclaimed Property Law, Unclaimed Property Reporting

Michigan’s new reporting bill, HB 6421 – introduced on September 8th, was signed into law by the Governor on October 5, 2010.  The details are summarized below: General dormancy period from 5 to 3 years. Money orders from 7 years to 3 years. Any sum payable on a check, draft, or similar instrument from 5 years […]

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Michigan HB 6421 – Passes the Senate with Proposed
Reductions in Unclaimed Property Dormancy Period

Dormancy Periods, Gift Card Escheatment, Legislative Alerts, Legislative Updates, Money Orders, Travelers Checks, Unclaimed Property, Unclaimed Property Reporting

Michigan’s new reporting bill, HB 6421 – introduced on September 8th, passed the Senate yesterday, September 23rd, 2010 with a solid vote of 461 to 36. It has been ordered to be enrolled for the Governor’s desk. For your reading convenience, details are summarized below:

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