Bill Title: Amends the Revised Uniform Unclaimed Property Act to exclude, from the scope of the term "property", funds on deposit or held in trust under the Illinois Pre-Need Cemetery Sales Act. Amends the Illinois Pre-Need Cemetery Sales Act to provide that amounts attributable to undelivered merchandise or unprovided services that are held in trust may be presumptively abandoned. Sets forth the terms for presumptive abandonment. Requires the remittance of presumptively abandoned funds to the Comptroller for deposit into the Cemetery Consumer Protection Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB3515 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2018-02-16	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 001	2018-04-05	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3515 currently on file.

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