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.