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#1509686 - 02/14/11 03:38 PM Unclaimed Property Dormancy Period
JoAnne Offline
Platinum Poster
Joined: Feb 2001
Posts: 795
Michigan
With the change in most dormancy periods, would an item (such as a money order) be subject to the longer period until October 2010 and then any issued after that date be subject to the 3 years? Or would all be subject to the new 3 year dormancy period regardless of issuance date?
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#1512786 - 02/22/11 02:20 PM Re: Unclaimed Property Dormancy Period JoAnne
Steelerfan Offline
New Poster
Joined: Feb 2011
Posts: 2
When reviewing the 2nd section (Changes to Dormancy Periods) in the What's New section of the revised State of Michigan Unclaimed Property Manual, you will see that statement - "Unclaimed property reaching the new dormancy periods as of March 31 must be reported .....

I read this to mean that all property regardless of issuance date is governed under the new dormancy period.

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#1512787 - 02/22/11 02:22 PM Re: Unclaimed Property Dormancy Period Steelerfan
JoAnne Offline
Platinum Poster
Joined: Feb 2001
Posts: 795
Michigan
Thank you - I came to that conclusion also after posting this question.
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