Michigan Laws 567.224a – Exception

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Property: means tangible or intangible personal property owned by a person. See Michigan Laws 567.222
State: means any state, district, commonwealth, territory, insular possession, or any other area subject to the legislative authority of the United States. See Michigan Laws 567.222

(1) Except as provided in subsection (2), property is not subject to the custody of this state as unclaimed property if its value is $25.00 or less.

(2) Subsection (1) does not apply to property described in section 11a or dividends.