Mich. Comp. Laws » Michigan Compiled Laws / Chapter 567 / Act 29 of 1995
Michigan Compiled Laws

Mich. Comp. Laws § 567.240 (2026)

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

✓ current as of July 2026
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UNIFORM UNCLAIMED PROPERTY ACT


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.

History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 1997, Act 195, Imd. Eff. Dec. 30, 1997

Notes of Decisions
Cited in 10 cases (9 in the last 5 years), 2009–2025 · leading case: Flint Cold Storage v. Dep't of Treasury, 776 N.W.2d 387 (Mich. Ct. App. 2009).
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Flint Cold Storage v. Dep't of Treasury, 776 N.W.2d 387 (Mich. Ct. App. 2009). “See MCL 567.240(1). The UUPA goes on to provide that “[a] person, excluding another state, claiming an interest in any property paid or delivered to the [state treasurer] under this act, may file with the [state treasurer] a claim on a form prescribed by the [state treasurer]…”
The Walt Disney Co. v. Rachael Eubanks (Mich. 2025). · cites it 6× “238 and MCL 567.240 of the UUPA continues to run during an examination.”
Dine Brands Global Inc v. Rachael Eubanks (Mich. 2025). · cites it 6× “238 and MCL 567.240 of the UUPA continues to run during an examination.”
The Walt Disney Co. v. Rachael Eubanks (Mich. Ct. App. 2025). · cites it 3× “238(4)[6] and MCL 567.240.[7]” Id. After recharacterizing plaintiffs’ motions as requests for relief under MCR 2.”
Dine Brands Global Inc v. Rachael Eubanks (Mich. Ct. App. 2025). · cites it 3× “238(4)[6] and MCL 567.240.[7]” Id. After recharacterizing plaintiffs’ motions as requests for relief under MCR 2.”
The Walt Disney Co. v. Rachael Eubanks (Mich. Ct. App. 2023). “However: (2) Except as otherwise provided in subsection (3), an action or proceeding shall not be commenced by the administrator with respect to any duty of a holder under this act more than 10 years, or, for the holder of records of transactions between 2 or more associations…”
Dine Brands Global Inc v. Rachael Eubanks (Mich. Ct. App. 2023). “However: (2) Except as otherwise provided in subsection (3), an action or proceeding shall not be commenced by the administrator with respect to any duty of a holder under this act more than 10 years, or, for the holder of records of transactions between 2 or more associations…”
O the Walt Disney Co. v. Rachael Eubanks (Mich. Ct. App. 2023). “Holders are required to maintain records of the name and last known address of property owners for 5 or 10 years, depending on the type of transaction at issue. MCL 567.”
O Dine Brands Global Inc v. Rachael Eubanks (Mich. Ct. App. 2023). “Holders are required to maintain records of the name and last known address of property owners for 5 or 10 years, depending on the type of transaction at issue. MCL 567.”
The Walt Disney Co. v. Rachael Eubanks (Mich. Ct. App. 2024). “Holders are required to maintain records of the name and last known address of property owners for 5 or 10 years, depending on the type of transaction at issue. MCL 567.”
— Mich. Comp. Laws § 567.240(1) — 10 cases
Flint Cold Storage v. Dep't of Treasury, 776 N.W.2d 387 (Mich. Ct. App. 2009). “See MCL 567.240(1). The UUPA goes on to provide that “[a] person, excluding another state, claiming an interest in any property paid or delivered to the [state treasurer] under this act, may file with the [state treasurer] a claim on a form prescribed by the [state treasurer]…”
The Walt Disney Co. v. Rachael Eubanks (Mich. Ct. App. 2023). “However: (2) Except as otherwise provided in subsection (3), an action or proceeding shall not be commenced by the administrator with respect to any duty of a holder under this act more than 10 years, or, for the holder of records of transactions between 2 or more associations…”
Dine Brands Global Inc v. Rachael Eubanks (Mich. Ct. App. 2023). “However: (2) Except as otherwise provided in subsection (3), an action or proceeding shall not be commenced by the administrator with respect to any duty of a holder under this act more than 10 years, or, for the holder of records of transactions between 2 or more associations…”
O the Walt Disney Co. v. Rachael Eubanks (Mich. Ct. App. 2023). “Holders are required to maintain records of the name and last known address of property owners for 5 or 10 years, depending on the type of transaction at issue. MCL 567.”
O Dine Brands Global Inc v. Rachael Eubanks (Mich. Ct. App. 2023). “Holders are required to maintain records of the name and last known address of property owners for 5 or 10 years, depending on the type of transaction at issue. MCL 567.”
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