Mich. Admin. Code R 567.1 — Definitions

Rule 1. As used in these rules:
(a) “Act” means the uniform unclaimed property act, 1995 PA 2 9, MCL 567.221 to
567.265.
(b) “Administrator” means the state treasurer.
(c) “Auditor” means an individua l, a business association, pu blic corporation, or any other
legal or commercial entity designated and authorized by the adm inistrator or his or her designee
to conduct an examination of a person to determine compliance w i t h t h e a c t . A u d i t o r a l s o
includes those employees, agents , subcontractors, and represent atives of the designated and
authorized individual, business association, public corporation, or any other legal or commercial
entity.
(d) “Confidential information” means all nonpublic proprietar y 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, 2 004 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 i nformation in an electronic
format. Machine-sensible records do not include hard copy recor ds 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 hold er under MCL 567.222, means a
person who is appointed to serve as the president, vice-preside nt, secretary, or treasurer of a
corporation or a person who serv es 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 oth er 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.