• About Us

    Most businesses have unclaimed property resulting from normal operations. Any asset, tangible or intangible, belonging to a third party that remains unclaimed for a specified period of time is considered unclaimed property. For example, uncashed payroll checks must be turned over to the State after one year; most other property types, such as vendor checks and accounts receivables credit balances, must be turned over after three years. Government entities must turn over all unclaimed property, regardless of property type, after one year.

    Michigan's Uniform Unclaimed Property Act, Public Act 29 of 1995, as amended, requires businesses and government entities to report and remit to the Michigan Department of Treasury abandoned and unclaimed property belonging to owners whose last known address is in Michigan. In addition, every business or government entity that is incorporated in Michigan must report and remit abandoned property belonging to owners where there is no known address.

    For a complete list of property dormancy periods, see the dormancy chart in Appendix A.

  • What's New

    New for 2018:

    Nothing to Report

    Entities having no unclaimed property to report in 2018 are not required to file a zero/negative report but are strongly encouraged to do so. Filing a zero/negative report, by submitting a fully completed Form 2011, will establish a filing history and ensure your compliance with the Unclaimed Property Act.

    New Unclaimed Property System

    Please be advised effective October 1, 2018, Michigan will be transitioning to a new Unclaimed Property system. This system will allow holders to file and make payments electronically. Additional information will be provided prior to final implementation. Please be advised that after September 30, 2018, we can no longer accept encrypted files with an .hde extension. 

    Audit/Voluntary Disclosure

    Information about audits and the voluntary disclosure program has been added to the reporting manual.