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 Bill Status of SB1470  100th General Assembly


Short Description:  UNCLAIMED PROP-COMMUNICATION

Senate Sponsors
Sen. Michael Connelly

House Sponsors
(Rep. Emily McAsey )

Last Action
DateChamber Action
  5/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
765 ILCS 5/0.01from Ch. 30, par. 0.01


Synopsis As Introduced
Amends the Conveyances Act. Makes a technical change in a Section concerning the Act's short title.

Senate Committee Amendment No. 1
Deletes reference to:
765 ILCS 5/0.01from Ch. 30, par. 0.01
Adds reference to:
765 ILCS 1025/11from Ch. 141, par. 111

Replaces everything after the enacting clause. Amends the Uniform Disposition of Unclaimed Property Act. Provides that if a holder of presumed abandoned property has not communicated with the owner at his or her last known address at least 120 days before the deadline for filing the annual report and the value of the property is $1,000 or more, the holder shall mail, at least 60 days before that deadline, a letter by United States certified mail, return receipt requested, to the owner at his or her last known address unless the address is shown as inaccurate. Provides that a signed receipt constitutes a written communication received by the holder from the owner and rebuts the presumption of abandonment. Provides that the State Treasurer may adopt rules allowing a holder to deduct reasonable costs incurred in sending the notice. Effective January 1, 2018.

Actions 
DateChamber Action
  2/9/2017SenateFiled with Secretary by Sen. Michael Connelly
  2/9/2017SenateFirst Reading
  2/9/2017SenateReferred to Assignments
  2/28/2017SenateAssigned to State Government
  3/1/2017SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Connelly
  3/1/2017SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/7/2017SenateSenate Committee Amendment No. 1 Assignments Refers to State Government
  3/15/2017SenateSenate Committee Amendment No. 1 Adopted
  3/16/2017SenateDo Pass as Amended State Government; 008-000-000
  3/16/2017SenatePlaced on Calendar Order of 2nd Reading March 28, 2017
  4/26/2017SenateSecond Reading
  4/26/2017SenatePlaced on Calendar Order of 3rd Reading April 27, 2017
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  5/4/2017SenateThird Reading - Passed; 053-000-000
  5/5/2017HouseArrived in House
  5/5/2017HouseChief House Sponsor Rep. Emily McAsey
  5/9/2017HouseFirst Reading
  5/9/2017HouseReferred to Rules Committee
  5/15/2017HouseAssigned to Judiciary - Civil Committee
  5/16/2017HouseTo Real & Personal Property Law Subcommittee
  5/19/2017HouseCommittee Deadline Extended-Rule 9(b) May 26, 2017
  5/26/2017HouseFinal Action Deadline Extended-9(b) May 31, 2017
  5/29/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Emily McAsey
  5/29/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/31/2017HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  5/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  5/31/2017HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

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