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HB5667

Property: abandoned; compensation for use of geologic pore space; modify period for transfer to department of treasury. Amends sec. 3 of 1995 PA 29 (MCL 567.223). TIE BAR WITH: HB 5664'26, HB 5665'26, HB 5666'26, HB 5668'26, HB 5669'26

Introduced·3/4/26
Introduced Text

Modifies the period for transfer of abandoned property with pore space compensation to the Michigan Department of Treasury.

Michigan HB5667 amends the definition of abandoned property to extend the period for transfer of pore space compensation to the Department of Treasury. Property is presumed abandoned after 10 years instead of 3 years, aligning with other related bills. This change affects property holders and the state's handling of unclaimed assets.

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Where it stands

Current
Energy Committee
Next
Committee decision

Sponsors

DDDD
4
0
Democratic CaucusRepublican Caucus

History

Mar 5

House

Bill Electronically Reproduced 03/04/2026

Mar 4

House

Introduced By Representative Rep. Natalie Price

Mar 4

House

Read A First Time