Bill Text: IL HB0019 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Uniform Disposition of Unclaimed Property Act. Provides that before filing the annual report, the holder of property that is presumed abandoned under the Act shall send a letter to the owner by certified (instead of first class) mail about the steps necessary to prevent abandonment of the property from being presumed. Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB0019 Detail]
Download: Illinois-2011-HB0019-Amended.html
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| 1 | AMENDMENT TO HOUSE BILL 19
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| 2 | AMENDMENT NO. ______. Amend House Bill 19 on page 4, by | ||||||
| 3 | replacing line 3 with the following:
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| 4 | "that deadline, a letter by first class mail to the"; and
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| 5 | on page 4, line 6, after "presumed.", by adding the following:
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| 6 | "Additionally, if the value of the property exceeds $1,000, a | ||||||
| 7 | copy of the letter shall be sent by certified mail.".
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