Bill Text: MI HB4563 | 2011-2012 | 96th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: State; escheats; certain business-to-business exemption; provide for. Amends 1995 PA 29 (MCL 567.221 - 567.265) by adding sec. 37a.

Spectrum: Partisan Bill (Republican 11-0)

Status: (Passed) 2012-05-24 - Assigned Pa 144'12 With Immediate Effect [HB4563 Detail]

Download: Michigan-2011-HB4563-Introduced.html

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HOUSE BILL No. 4563

 

April 14, 2011, Introduced by Reps. Nesbitt, Shirkey, Gilbert, Wayne Schmidt, Pscholka, Ouimet, Tyler, Huuki, Denby, Genetski and O'Brien and referred to the Committee on Commerce.

 

     A bill to amend 1995 PA 29, entitled

 

"Uniform unclaimed property act,"

 

(MCL 567.221 to 567.265) by adding section 37a.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 37a. This act does not apply to any property issued,

 

held, due, or owing in any commercial transaction between 2 or more

 

business associations or other business entities.