Sen. John G. Mulroe

Filed: 3/13/2019





10100SB1813sam001LRB101 10992 JLS 57797 a


2    AMENDMENT NO. ______. Amend Senate Bill 1813 on page 1,
3line 5, by deleting "44,"; and
4on page 1, line 6, by replacing "Section 10.2" with "Sections
510.2 and 44.1"; and
6on page 7, by replacing lines 10 through 21 with the following:
7    "(205 ILCS 305/44.1 new)
8    Sec. 44.1. Unclaimed property; dormancy or escheat fee. A
9credit union may deduct a dormancy charge or an escheat fee
10from property required to be paid or delivered to the
11administrator under the Revised Uniform Unclaimed Property
12Act, provided the amount of the deduction is consistent with
13the standards set forth in subsection (b) of Section 15-602 of
14that Act. In making the deduction, a credit union may allocate,
15classify, and record all or a portion of the deduction, as



10100SB1813sam001- 2 -LRB101 10992 JLS 57797 a

1applicable, as the minimum share amount required to preserve
2the member's status as a member of the credit union.".