Public Act 144 of 2012

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• Introduced by Rep. Aric Nesbitt (R) on April 14, 2011, to exempt property involved in any business-to-business transaction from the 2010 law that lets the state government take any unclaimed property that falls under its control if the owner does not claim it within three years. Under previous law, an owner had five years before the government took his or her property.
  • Referred to the House Commerce Committee on April 14, 2011.
    • Reported in the House on May 17, 2011, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
  • Substitute offered in the House on June 7, 2011. The substitute passed by voice vote in the House on June 7, 2011.
• Passed 108 to 1 in the House on June 8, 2011.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on June 9, 2011.
  • Referred to the Senate Economic Development Committee on June 9, 2011.
    • Reported in the Senate on June 30, 2011, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on May 2, 2012. The substitute passed by voice vote in the Senate on May 2, 2012.
• Passed 37 to 1 in the Senate on May 3, 2012, to exempt property involved in any business-to-business transaction from the 2010 law that lets the state government take any unclaimed property that falls under its control if the owner does not claim it within three years. Under previous law, an owner had five years before the government took his or her property.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on May 3, 2012.
• Passed 108 to 0 in the House on May 8, 2012.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Rick Snyder on May 24, 2012.