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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3405
Introduced 2/22/2005, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
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765 ILCS 1025/8 |
from Ch. 141, par. 108 |
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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.
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A BILL FOR
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HB3405 |
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LRB094 03583 LCB 33587 b |
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| AN ACT concerning civil law.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Uniform Disposition of Unclaimed Property |
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| Act is amended by changing Section 8 as follows:
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| (765 ILCS 1025/8) (from Ch. 141, par. 108)
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| Sec. 8. All funds and
and intangible personal property held |
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| for the owner by
any court, public authority, or public officer |
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| of this
State, or a political subdivision thereof, that has |
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| remained unclaimed by
the owner for more than 7 years is |
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| presumed abandoned.
This Section does not apply to deposits |
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| made to municipalities as a
condition for the issuance of a |
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| building permit. |
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| (Source: P.A. 90-167, eff. 7-23-97.)
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