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

Public Act 209 of 2013

  1. 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.
    • 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.
  2. 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.
    Who Voted "Yes" and Who Voted "No"

  3. 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.
  4. Passed 108 to 1 in the House on December 11, 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.
    Who Voted "Yes" and Who Voted "No"

  5. Signed by Gov. Rick Snyder on December 21, 2013.

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