Property: abandoned; compensation for use of geologic pore space; modify period for transfer to department of treasury. Amends sec. 3 of 1995 PA 29 (MCL 567.223). TIE BAR WITH: HB 5664'26, HB 5665'26, HB 5666'26, HB 5668'26, HB 5669'26

This bill modifies Michigan's unclaimed property law to change how long pore space compensation payments must be held before being considered abandoned. It extends the waiting period from three years to ten years specifically for compensation related to underground geologic pore space use. The change applies to owners of such compensation who have not claimed their payments within the extended timeframe. This legislation is part of a package of related bills that must all pass for any of them to take effect.