Bill Title: Amends the Uniform Disposition of Unclaimed Property Act. Provides that a United States Savings bond shall be presumed abandoned when the bond has remained unclaimed and unredeemed for 5 years after its date of final extended maturity. Provides that presumed abandoned and unclaimed bonds escheat to the State. Establishes a procedure by which the State Treasurer may obtain a judicial determination that the bond has escheated to the State.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2016-07-15 - Public Act . . . . . . . . . 99-0556 [HB5607 Detail]

Text: Latest bill text (Chaptered) [HTML]

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