(Part 1 of 2)

Michigan is home to a lot of pop culture icons – Madonna (from Bay City), the 'Motown' music label, Eminem, Diana Ross (from Detroit), Bob Seger, Stevie Wonder… the list of topnotch musical artists seems never ending. It's also home to the automobile capital of the world Detroit, also known by residents as Motor City (hence the term 'Motown') and Battle Creek, MI – 'The World's Cereal Bowl' which is the home of the Kellogg's cereal company. Without a doubt, a lot of assets essential to United States culture have come out of 'The Great Lakes State'. There are less known assets in Mich. that even most residents don't know about though – hundreds of millions of dollars in Michigan unclaimed money! This money is just sitting-around in the Mich. Unclaimed Money Department instead of in the pockets of the rightful owners of the lost financial assets.

According to the State Treasury Department, "The Michigan Department of Treasury has millions of dollars in lost or forgotten assets from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes and stock certificates. Because these properties were considered abandoned and unclaimed by the bank or company entrusted with them, they are turned over to the state, as required by law. The Michigan Department of Treasury is the custodian of these assets and returns them to their owners (or the owners' heirs) when they are rightfully claimed."

(to be continued)

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