Sec. 36. (1) An agreement to pay compensation to recover or assist in the recovery of property reported under section 18, made within 24 months after the date payment or delivery is made under section 20, is unenforceable. (2) A written agreement between a locator and an apparent owner of unclaimed property is subject to subsection (1).
Mich. Comp. Laws § 567.256
Agreement to compensate for recovery of property; enforcement; agreement between locator and apparent unclaimed property owner
Applied in 1 court decision — leading case 416 N.J. Super. 151 - Haven Savings Bank v. Zanolini (2010)
Most recently applied in 416 N.J. Super. 151 - Haven Savings Bank v. Zanolini (September 2010)
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.