Bill Text: IL SB0208 | 2009-2010 | 96th General Assembly | Introduced
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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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 Uniform Disposition of Unclaimed Property | |||||||||||||||||||
5 | Act is amended by changing Section 8 as follows:
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6 | (765 ILCS 1025/8) (from Ch. 141, par. 108)
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7 | Sec. 8.
All funds and
and intangible personal property held | |||||||||||||||||||
8 | for the owner by
any court, public authority, or public officer | |||||||||||||||||||
9 | of this
State, or a political subdivision thereof, that has | |||||||||||||||||||
10 | remained unclaimed by
the owner for more than 7 years is | |||||||||||||||||||
11 | presumed abandoned.
This Section does not apply to deposits | |||||||||||||||||||
12 | made to municipalities as a
condition for the issuance of a | |||||||||||||||||||
13 | building permit. | |||||||||||||||||||
14 | (Source: P.A. 90-167, eff. 7-23-97.)
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