Browsers that can not handle javascript will not be able to access some features of this site.
Skip Navigation
Treasury LogoMichigan.gov, Official Portal for the State of Michigan
Michigan.gov Home Treasury Home | Sitemap | Contact Treasury | FAQ | Forms | Online Services
Taxes
Unclaimed Property
Paying for College
Treasury - Local Government
Treasury - Bond (Loan) Finance & Investments
Reference Library
Treasury - Inside Treasury
Printer Friendly Version Printer Friendly   Text Only Version Text Version  Share this page.
FAQ
  Unclaimed Property
If an owner just lets his or her account "sit" and accumulate interest or dividends, is it considered active?
 
Answer:
No. If interest or dividends are automatically deposited into an account, it is not considered active because there is no customer contact or customer activity. However, if an owner endorses an interest check and deposits the check, this is considered owner-generated activity. There are many ways to keep an account active including customer contact by mail or telephone (when documented by the holder). In addition, a financial institution or company may cross-reference an inactive account with an active account having the same owner.

Michigan Business One Stop
Link to Department and Agencies Web Site Index
Link to Statewide Online Services Index
Link to Statewide Web-based Surveys
Link to RSS feeds available on this site
FAQ Categories
 •  Michigan Education Trust
 •  Payroll Direct Deposit
 •  Unclaimed Property
 •  Taxes

Michigan.gov Home | Contact Treasury | State Web Sites | FAQ | Sitemap
Privacy Policy | Link Policy | Accessibility Policy | Security Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2009 State of Michigan