TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER
PART 760 REVISED UNIFORM UNCLAIMED PROPERTY ACT
SECTION 760.930 DETERMINATION OF LIABILITY


 

Section 760.930  Determination of Liability

 

a)         If the administrator determines from an examination conducted under Section 15-1002 of the Act that a putative holder failed or refused to pay or deliver to the administrator property that is reportable under the Act, the administrator shall issue a determination of the putative holder's liability to pay or deliver and give notice in a record to the putative holder of the determination. [765 ILCS 1026/15-1011]

 

b)         The administrator may give notice of any interest and civil penalties at the same time that notice of a determination of liability is given.