94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3405

 

Introduced 2/22/2005, by Rep. Tom Cross

 

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.


LRB094 03583 LCB 33587 b

 

 

A BILL FOR

 

HB3405 LRB094 03583 LCB 33587 b

1     AN ACT concerning civil law.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Uniform Disposition of Unclaimed Property
5 Act is amended by changing Section 8 as follows:
 
6     (765 ILCS 1025/8)  (from Ch. 141, par. 108)
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.)