Date	Chamber	Action
7/19/2005	House	Public Act . . . . . . . . . 94-0255

Statutes Amended In Order of Appearance

765 ILCS 1025/2

from Ch. 141, par. 102

Synopsis As Introduced
Amends the Uniform Disposition of Unclaimed Property Act. Excepts from the presumption of abandonment by a financial organization a demand, savings, or matured deposit or a fund paid toward the purchase of withdrawable shares or other interest in a financial organization where the owner has, within 5 years, engaged in the following activity regarding other funds or loan accounts with the banking organization: (i) undertook one or more the of the described actions regarding any account that appears on a consolidated statement with the inactive account; (ii) increased or decreased the amount of funds in any other account the owner has with the banking organization; or (iii) engaged in any other relationship with the banking organization, including payment of any amounts due on a loan. Provides that the exception applies only so long as the mailing address for the owner in the banking organization's books and records is the same for both the inactive account and for the active account.

House Amendment No. 1
Changes references from banking organizations to financial organizations.

Actions 

Date	Chamber	Action
1/27/2005	House	Filed with the Clerk by Rep. Randall M. Hultgren
1/27/2005	House	First Reading
1/27/2005	House	Referred to Rules Committee
2/2/2005	House	Chief Co-Sponsor Rep. Sidney H. Mathias
2/2/2005	House	Assigned to State Government Administration Committee
2/9/2005	House	House Amendment No. 1 Filed with Clerk by State Government Administration Committee
2/9/2005	House	House Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
2/9/2005	House	Do Pass as Amended / Short Debate State Government Administration Committee; 008-000-001
2/10/2005	House	Placed on Calendar 2nd Reading - Short Debate
2/10/2005	House	Second Reading - Short Debate
2/10/2005	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/17/2005	House	Third Reading - Short Debate - Passed 113-000-004
2/23/2005	Senate	Arrive in Senate
2/23/2005	Senate	Placed on Calendar Order of First Reading February 24, 2005
3/4/2005	Senate	Chief Senate Sponsor Sen. Dan Rutherford
3/8/2005	Senate	First Reading
3/8/2005	Senate	Referred to Rules
4/13/2005	Senate	Assigned to Financial Institutions
4/20/2005	Senate	Added as Alternate Co-Sponsor Sen. Pamela J. Althoff
4/21/2005	Senate	Do Pass Financial Institutions; 006-000-000
4/21/2005	Senate	Placed on Calendar Order of 2nd Reading May 3, 2005
5/5/2005	Senate	Second Reading
5/5/2005	Senate	Placed on Calendar Order of 3rd Reading May 10, 2005
5/11/2005	Senate	Third Reading - Passed; 059-000-000
5/11/2005	House	Passed Both Houses
6/9/2005	House	Sent to the Governor
6/9/2005	House	Sent to the Governor
7/19/2005	House	Governor Approved
7/19/2005	House	Effective Date January 1, 2006
7/19/2005	House	Public Act . . . . . . . . . 94-0255

Back To Top