Bill Text: IL SB0208 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Uniform Disposition of Unclaimed Property Act. Makes a technical change in a Section concerning property held for the owner by a court or other public officer or entity.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-02-03 - Referred to Assignments [SB0208 Detail]

Download: Illinois-2009-SB0208-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB0208 Introduced 2/3/2009, by Sen. Linda Holmes SYNOPSIS AS INTRODUCED:
765 ILCS 1025/8 from Ch. 141, par. 108
Amends the Uniform Disposition of Unclaimed Property Act. Makes a technical change in a Section concerning property held for the owner by a court or other public officer or entity.
LRB096 02807 AJO 12820 b
A BILL FOR
SB0208 LRB096 02807 AJO 12820 b
AN ACT concerning civil law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Uniform Disposition of Unclaimed Property
Act is amended by changing Section 8 as follows:
(765 ILCS 1025/8) (from Ch. 141, par. 108)
Sec. 8. All funds and and intangible personal property held
for the owner by any court, public authority, or public officer
of this State, or a political subdivision thereof, that has
remained unclaimed by the owner for more than 7 years is
presumed abandoned. This Section does not apply to deposits
made to municipalities as a condition for the issuance of a
building permit.
(Source: P.A. 90-167, eff. 7-23-97.)