(Part 1 of 2)

Quite a number of pop culture icons call Michigan their home – Eminem, Madonna (from Bay City), the 'Motown' music label, Bob Seger, Stevie Wonder, Diana Ross (from Detroit)… the list of top musicians goes on and on. 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 home to the Kellogg's company. Certainly, a lot of assets essential to pop culture have come out of 'The Wolverine State'. But there are less known assets in MI that even most residents do not know about though – hundreds of millions of dollars in Michigan unclaimed money! This cash is just sitting in the Mich. Unclaimed Property Department instead of where it belongs, in the hands of the owners of the lost assets.

According to the State Treasurer's office, "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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