Section R. 567.1 - DefinitionsRule 1. As used in these rules:
(a) "Act" means the uniform unclaimed property act, 1995 PA 29, MCL 567.221 to 567.265.(b) "Administrator" means the state treasurer.(c) "Auditor" means an individual, a business association, public corporation, or any other legal or commercial entity designated and authorized by the administrator or his or her designee to conduct an examination of a person to determine compliance with the act. Auditor also includes those employees, agents, subcontractors, and representatives of the designated and authorized individual, business association, public corporation, or any other legal or commercial entity.(d) "Confidential information" means all nonpublic proprietary information, information protected by MCL 205.28(1)(f), and any information protected by state or federal law from disclosure including the social security number privacy act, 2004 PA 454, MCL 445.81 to 445.87, and the identity theft protection act, 2004 PA 452, MCL 445.61 to 445.79d. Confidential information does not include information subject to release by law.(e)"Hardcopy" means any documents, records, reports, or other data printed on paper.(f) "Machine-sensible record" means a collection of related information in an electronic format. Machine-sensible records do not include hard copy records that are created or recorded on paper or stored in or by an imaging system such as microfilm, microfiche, or storage-only imaging systems.(g) "Officer," for purposes of qualifying as an eligible holder under MCL 567.222, means a person who is appointed to serve as the president, vice-president, secretary, or treasurer of a corporation or a person who serves as a senior executive within a corporation or other organization. A senior executive is an individual who directs, controls, and coordinates activities that are generally assigned to a chief executive officer, chief operating officer, or chief financial officer.(h) "Person" means an individual, business association, state or other government, governmental subdivision or agency, public corporation, public authority, estate, trust, 2 or more persons having a joint or common interest, or any other legal or commercial entity.(i) "Storage-only imaging system" means a system of computer hardware and software that provides for the storage, retention, and retrieval of documents originally created on paper. It does not include any system, or part of a system, that manipulates or processes any information or data contained on the document in any manner other than to reproduce the document in hard copy or as an optical image.(j) All terms not defined in these rules have the same meaning as when used in the act.Mich. Admin. Code R. 567.1
2017 MR 5, Eff. 3/21/2017