Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 1025/3a new

765 ILCS 1025/11

from Ch. 141, par. 111

765 ILCS 1025/12

from Ch. 141, par. 112

30 ILCS 105/5.640 new

30 ILCS 105/8h

30 ILCS 105/8j

Synopsis As Introduced
Amends the Uniform Disposition of Unclaimed Property Act. Provides that funds and stock distributable in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be deemed abandoned in the listed time frames. Provides that funds and stock deemed abandoned in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be held in the Demutualization Trust Fund. Provides that the State Treasurer shall set a date that the required report and remittance of the funds and stock deemed abandoned in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be filed. Provides that the names of owners that are identified and contacted directly by the State Treasurer do not have to be published as required under the notice requirements. Amends the State Finance Act. Creates the Demutualization Trust Fund. Exempts the Demutualization Trust Fund from transfers to the General Revenue Fund. Effective immediately.

Actions 

Date	Chamber	Action
2/15/2005	Senate	Filed with Secretary by Sen. Terry Link
2/15/2005	Senate	First Reading
2/15/2005	Senate	Referred to Rules
2/17/2005	Senate	Assigned to Insurance
2/25/2005	Senate	Added as Chief Co-Sponsor Sen. Todd Sieben
3/2/2005	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
3/3/2005	Senate	Sponsor Removed Sen. Todd Sieben
3/9/2005	Senate	Postponed - Insurance
3/17/2005	Senate	Postponed - Insurance
3/18/2005	Senate	Rule 3-9(a) / Re-referred to Rules
1/9/2007	Senate	Session Sine Die

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