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2013 Senate Bill 642: Revise unclaimed property law (“escheats”) detail

Public Act 209 of 2013

Introduced by Sen. Goeff Hansen (R) on October 23, 2013 To revise details of the disposition of funds taken under an ”escheats law” that lets the state government take possession of unclaimed property if the owner does not claim it within three years. Specifically, the bill amends references in this law to a “senior care respite fund” to reflect the 2013 law authorizing conversion of Blue Cross to non-profit "regular" insurance company.   Official Text and Analysis.
Referred to the Senate Finance Committee on October 23, 2013
Referred to the Senate Insurance Committee on October 24, 2013
Reported in the Senate on November 6, 2013 With the recommendation that the bill pass.
Passed 35 to 0 in the Senate on December 4, 2013 To revise details of the disposition of funds taken under an ”escheats law” that lets the state government take possession of unclaimed property if the owner does not claim it within three years. Specifically, the bill amends references in this law to a “senior care respite fund” to reflect the 2013 law authorizing conversion of Blue Cross to non-profit "regular" insurance company.
Received in the House on December 4, 2013
Referred to the House Tax Policy Committee on December 4, 2013
Reported in the House on December 10, 2013 Without amendment and with the recommendation that the bill pass.
Passed 108 to 1 in the House on December 11, 2013 (same description)
To revise details of the disposition of funds taken under an ”escheats law” that lets the state government take possession of unclaimed property if the owner does not claim it within three years. Specifically, the bill amends references in this law to a “senior care respite fund” to reflect the 2013 law authorizing conversion of Blue Cross to non-profit "regular" insurance company.
Signed by Gov. Rick Snyder on December 21, 2013

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