Section 722.710  Missing Persons/Abandonment

An ABLE account will be presumed abandoned according to the unclaimed property law of the state of the last known address of the designated beneficiary.  If the last known address of the designated beneficiary is in Illinois, the provisions of the Revised Uniform Unclaimed Property Act [765 ILCS 1026] shall apply. If there is no last known address of the designated beneficiary in the records of the Treasurer, pursuant to federal common law the provisions of the Revised Uniform Unclaimed Property Act shall apply.

(Source:  Amended at 45 Ill. Reg. 4133, effective March 12, 2021)