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: SB 0822'26, SB 0823'26, SB 0824'26, SB 0826'26, SB 0827'26

This bill modifies Michigan's Uniform Unclaimed Property Act to change how long pore space compensation payments must remain unclaimed before being considered abandoned. Specifically, it extends the presumed abandonment period for geologic pore space compensation from the standard three years to ten years. The change directly affects owners of mineral rights and the state agencies responsible for administering pore space compensation payments. This provision ensures that compensation payments for underground mineral extraction rights remain available to rightful owners for a longer timeframe before being transferred to the state treasury.