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Michigan Department of Treasury Might Have Your Unclaimed Cash

Is your unclaimed money just sitting in the Michigan Department of Treasury?

According to a report from Local 4, the Michigan Treasury has millions in lost assets that Michiganders have yet to claim.

The Treasury’s website has information regarding unclaimed property, which adds up to millions of dollars in left-behind assets from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes, and other financial assets including stock certificates.

These properties are deemed abandoned and unclaimed by the bank or company in charge of holding the items, which are then handed over to the state per law, the article added. The Michigan Department of Treasury new becomes responsible for the items and gives them back over to the rightful owners (or the owners’ heirs), per proper protocol, according to the article.

To find the Michigan Department of Treasury’s Unclaimed Property database, enter a name or business name and select “Search”. The full list of properties containing this name will be featured in the results, according to the article, which added that the Treasury says it has shelled out over $485 million over the last five years.

Access the Michigan Unclaimed Property Database here.

Read the full story here.

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