Bill Text: IL HB4422 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Sale of Unclaimed Property Act. Makes a technical change in a Section concerning the sale of certain unclaimed property.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB4422 Detail]
Download: Illinois-2011-HB4422-Introduced.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Sale of Unclaimed Property Act is amended by | |||||||||||||||||||
5 | changing Section 1 as follows:
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6 | (770 ILCS 90/1) (from Ch. 141, par. 1)
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7 | Sec. 1.
Except as provided in the
the Uniform Commercial | |||||||||||||||||||
8 | Code in sections 7-209,
7-210, 7-307 and 7-308 regarding the | |||||||||||||||||||
9 | lien and foreclosure
provisions for warehousemen and carriers | |||||||||||||||||||
10 | and except as provided in the
Self-Service Storage Facility | |||||||||||||||||||
11 | Act, enacted by the Eighty-Third General Assembly,
whenever any | |||||||||||||||||||
12 | trunk, carpet-bag,
valise, bundle, package, or article of | |||||||||||||||||||
13 | property, transported, or coming
into the possession of any | |||||||||||||||||||
14 | railroad or express company, or any other common
carrier, or | |||||||||||||||||||
15 | innkeeper or warehouseman, or private warehouse-keeper, in the
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16 | course of its or his business as common carrier, innkeeper, | |||||||||||||||||||
17 | warehouseman or
private warehouse-keeper remains unclaimed and | |||||||||||||||||||
18 | the legal charges thereon
unpaid during the space of 6 months | |||||||||||||||||||
19 | after its arrival at the point to which
it shall have been | |||||||||||||||||||
20 | directed, and the owner or person to whom the same is
consigned | |||||||||||||||||||
21 | cannot be found upon diligent inquiry, or, being found and
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22 | notified of the arrival of such article, refuses or neglects to | |||||||||||||||||||
23 | receive the
same and pay the legal charges thereon for the |
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1 | space of 3 months, it shall
be lawful for such common carrier, | ||||||
2 | innkeeper, warehouseman or private
warehouse-keeper to sell | ||||||
3 | such article at public auction, after giving the
owner or | ||||||
4 | consignee 15 days' notice of the time and place of sale, | ||||||
5 | through
the post office, and by advertising in a newspaper | ||||||
6 | published in the county
where such sale is made, and out of the | ||||||
7 | proceeds of such sale to pay all
legal charges on such | ||||||
8 | articles, and the overplus, if any, shall be paid to
the owner | ||||||
9 | or the consignee upon demand. | ||||||
10 | (Source: P.A. 83-800.)
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