Michigan Compiled Laws

Mich. Comp. Laws § 567.242 (2026)

Liquidation or conversion of property into money; receipt of dividends, interest, or other increments.

✓ current as of July 2026

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UNIFORM UNCLAIMED PROPERTY ACT

Act 29 of 1995

567.242 Liquidation or conversion of property into money; receipt of dividends, interest, or other increments.

Sec. 22.

If property other than money is paid or delivered to the administrator under this act, the owner is entitled to receive from the administrator any dividends, interest, or other increments realized or accruing on the property at or before liquidation or conversion of the property into money.

History: 1995, Act 29, Eff. Mar. 28, 1996

Notes of Decisions

Cited in 5 cases (4 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). ““If a claim is allowed, the [state treasurer] shall pay over or deliver to the claimant the property or the amount the [state treasurer] actually received or the net proceeds if it has been sold by the [state treasurer], plus any additional amount required by [MCL 567.242].” MCL…”

Dennis O'Connor v. State of Michigan (Mich. Ct. App. 2023). · cites it 3× “If the property claimed was interest bearing to the owner on the date of surrender by the holder, and if the date of surrender is on or after March 28, 1996, the administrator 2 The “additional amount required by [MCL 567.242]” applies when property other than money is at issue,…”

Lisa Kemerer v. State of Michigan (Mich. Ct. App. 2024). · cites it 3× “MCL 567.242 addresses property other than money and states: If property other than money is paid or delivered to the administrator under this act, the owner is entitled to receive from the administrator any dividends, interest, or other increments realized or accruing on the…”

The Walt Disney Co. v. Rachael Eubanks (Mich. 2025). “” MCL 567.242. 5 report in a form specified by the administrator.”

Dine Brands Global Inc v. Rachael Eubanks (Mich. 2025). “” MCL 567.242. 5 report in a form specified by the administrator.”

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