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Fillable Michigan Department of Treasury Form 3281

Fillable Michigan Department of Treasury Form 3281

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Hello, I'm Terry Stanton, State Administrative Manager for Michigan Unclaimed Property within the Michigan Department of Treasury. Over the next few minutes, we're going to walk you through Unclaimed Property, how we work to reunite Lost abandoned or unclaimed properties with their rightful owners and help you understand how those properties ended up in our custody in the first place. We should probably start with what is unclaimed property. Unclaimed or escheated property is money or other valuable assets that have been lossed by its owner. This can be a bank account, stock investment, valuables left in a safety deposit box or even something as simple as an uncashed check. For it to be considered loss though there will have been no activity on an account or a check that has gone uncashed for a certain length of time. This is called a dormancy period. The dormancy period for most properties is 3 years, but for wages, payroll an commissions the dormancy period is one year. When propert

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