Sec. 22. If property other than money is paid or delivered to the administrator under this act, the owner is entitled to receive from the administrator any dividends, interest, or other increments realized or accruing on the property at or before liquidation or conversion of the property into money.
Mich. Comp. Laws § 567.242
Liquidation or conversion of property into money; receipt of dividends, interest, or other increments
Applied in 1 court decision — leading case 285 Mich. App. 483 - Flint Cold Storage v. Department of Treasury (2009)
Most recently applied in 285 Mich. App. 483 - Flint Cold Storage v. Department of Treasury (September 2009)
1995, Act 29, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.