Illinois General Assembly - Full Text of SB1378
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Full Text of SB1378  95th General Assembly

SB1378 95TH GENERAL ASSEMBLY


 


 
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB1378

 

Introduced 2/9/2007, by Sen. Kwame Raoul

 

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.


LRB095 05222 AJO 25297 b

 

 

A BILL FOR

 

SB1378 LRB095 05222 AJO 25297 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.)