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Michigan Legislature
Michigan Compiled Laws Complete Through PA 341 of 2018
House: Adjourned until Wednesday, November 7, 2018 1:30:00 PM

Michigan Legislature

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Section 567.256

Act 29 of 1995

567.256 Agreement to compensate for recovery of property; enforcement; agreement between locator and apparent unclaimed property owner.

Sec. 36.

(1) An agreement to pay compensation to recover or assist in the recovery of property reported under section 18, made within 24 months after the date payment or delivery is made under section 20, is unenforceable.

(2) A written agreement between a locator and an apparent owner of unclaimed property is subject to subsection (1).

History: 1995, Act 29, Eff. Mar. 28, 1996 ;-- Am. 2016, Act 312, Imd. Eff. Oct. 6, 2016

© 2017 Legislative Council, State of Michigan

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