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CHAPTER 557. PROPERTY OF HUSBAND AND WIFE RIGHTS OF MARRIED WOMEN Act 168 of 1855 557.1557.5 Repealed. 1981, Act 216, Eff. Mar. 31, 1982. EARNINGS OF MARRIED WOMEN Act 196 of 1911 557.11 Repealed.
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Chapter 557 property is a type of asset that includes unclaimed funds such as dormant bank accounts, uncashed checks, and abandoned safe deposit boxes.
Businesses and financial institutions are required to file chapter 557 property to the state's unclaimed property division.
To fill out chapter 557 property, businesses need to compile a list of unclaimed funds, complete the required forms, and submit them to the appropriate state agency.
The purpose of chapter 557 property is to reunite unclaimed funds with their rightful owners or heirs.
Information that must be reported on chapter 557 property includes the owner's name, last known address, account number, and the amount of unclaimed funds.
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