Full Text of HB0854 102nd General Assembly
HB0854 102ND GENERAL ASSEMBLY |
| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022 HB0854 Introduced 2/10/2021, by Rep. Michael J. Zalewski SYNOPSIS AS INTRODUCED: |
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Amends the State Treasurer Act. Repeals provisions regarding transfer of power; transfer of personnel; transfer of property; and rules and standards. Amends the Revised Uniform Unclaimed Property Act. Changes the definition of "virtual currency". Provides that a money order is presumed abandoned if it is unclaimed by the apparent owner 3 (rather than 7) years after issuance. Provides that virtual currency is presumed abandoned if it is unclaimed by the apparent owner 5 years after the last indication of interest in the property. Provides that a business association who has no reportable property shall so report to the administrator under specified circumstances. Provides that the administrator does not need to notify the Department of Revenue of the names or social security numbers of apparent owners of abandoned property if the administrator reasonably believes that the Department of Revenue will be unable to provide information that would provide sufficient evidence to establish that the person in the Department of Revenue's records is the apparent owner of unclaimed property in the custody of the administrator. Includes a provision regarding identification of apparent owners of abandoned property using other State databases. Provides that if property reported to the administrator is virtual currency, the holder shall liquidate the virtual currency and remit the proceeds to the administrator. Makes changes to provisions regarding: when tax-deferred and tax-exempt retirement accounts presumed abandoned; United States savings bonds; crediting income or gain to owner's account; and action by a person whose claim is denied.
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| | A BILL FOR |
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| 1 | | AN ACT concerning civil law.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The State Treasurer Act is amended by changing | 5 | | Sections 0.02 and 0.03 as follows:
| 6 | | (15 ILCS 505/0.02)
| 7 | | Sec. 0.02. Transfer of powers. The rights, powers, duties, | 8 | | and functions vested in the Department of
Financial | 9 | | Institutions to administer the Uniform Disposition of | 10 | | Unclaimed
Property Act (superseded by the Revised Uniform | 11 | | Unclaimed Property Act) are transferred to the State Treasurer | 12 | | on July 1, 1999 ; provided,
however, that the rights, powers, | 13 | | duties, and functions
involving the examination of the records | 14 | | of any person that the State Treasurer
has reason to believe | 15 | | has failed to report properly under this Act shall be
| 16 | | transferred to the Office of Banks and Real Estate if the | 17 | | person is
regulated by the Office of Banks and Real Estate | 18 | | under the Illinois Banking
Act, the Corporate Fiduciary Act, | 19 | | the Foreign Banking Office Act, the Illinois
Savings and Loan | 20 | | Act of 1985, or the Savings Bank Act
and shall be retained by | 21 | | the Department of Financial Institutions if the
person is | 22 | | doing business in the State under the supervision of the | 23 | | Department
of Financial Institutions, the National Credit |
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| 1 | | Union Administration,
the Office of Thrift Supervision, or the | 2 | | Comptroller of the Currency .
| 3 | | (Source: P.A. 100-22, eff. 1-1-18 .)
| 4 | | (15 ILCS 505/0.03)
| 5 | | Sec. 0.03. Transfer of personnel.
| 6 | | (a) Except as provided in subsection (b), personnel | 7 | | employed by the
Department of Financial Institutions on June | 8 | | 30, 1999 to perform duties
pertaining to the administration of | 9 | | the Uniform Disposition of Unclaimed
Property
Act (superseded | 10 | | by the Revised Uniform Unclaimed Property Act) are transferred | 11 | | to the State Treasurer on July 1, 1999.
| 12 | | (b) In the case of a person employed by the Department of | 13 | | Financial
Institutions to perform both duties pertaining to | 14 | | the administration of the Uniform Disposition of Unclaimed | 15 | | Property Act (superseded by the Revised Uniform Unclaimed | 16 | | Property Act) and duties pertaining to a
function retained by | 17 | | the Department of Financial Institutions, the State
Treasurer, | 18 | | in consultation with the Director of Financial Institutions, | 19 | | shall
determine whether to transfer the employee to the Office | 20 | | of the State
Treasurer; until this determination has been | 21 | | made, the transfer shall not take
effect.
| 22 | | (c) The rights of State employees, the State, and its | 23 | | agencies under the
Personnel Code and applicable collective | 24 | | bargaining agreements and retirement
plans are not affected by | 25 | | this amendatory Act of 1999, except that all
positions |
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| 1 | | transferred to the State Treasurer shall be subject to the | 2 | | State
Treasurer Employment Code effective July 1, 2000.
| 3 | | All transferred employees who are members of
collective | 4 | | bargaining units shall retain their seniority, continuous | 5 | | service,
salary, and accrued benefits. During the pendency of | 6 | | the existing collective
bargaining agreement, the rights | 7 | | provided for under that agreement and
memoranda and | 8 | | supplements to that agreement, including but not limited to, | 9 | | the
rights of employees performing duties pertaining to the | 10 | | administration of the
Uniform Disposition of Unclaimed | 11 | | Property Act (superseded by the Revised Uniform Unclaimed | 12 | | Property Act) to positions in other State
agencies and the | 13 | | right of employees in other State agencies covered by the
| 14 | | agreement to positions performing duties pertaining to the | 15 | | administration of
the Uniform Disposition of Unclaimed | 16 | | Property Act (superseded by the Revised Uniform Unclaimed | 17 | | Property Act), shall not be abridged.
| 18 | | The State Treasurer shall
continue to honor during their | 19 | | pendency all bargaining agreements
in effect at the time of | 20 | | the transfer and to recognize all collective
bargaining | 21 | | representatives for the employees who perform or will perform
| 22 | | functions transferred by this amendatory Act of 1999. For all | 23 | | purposes with
respect to the management of the existing | 24 | | agreement and the
negotiation and management of any successor | 25 | | agreements, the State Treasurer
shall be deemed to
be the | 26 | | employer of employees who perform or will perform functions |
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| 1 | | transferred
to the Office of the State Treasurer by
this | 2 | | amendatory Act of 1999 ; provided that the Illinois Department | 3 | | of Central
Management Services shall be a party to any
| 4 | | grievance or arbitration proceeding held pursuant to the | 5 | | provisions of the
collective bargaining agreement which | 6 | | involves the movement
of employees from the Office of the | 7 | | State Treasurer to an
agency under the jurisdiction of the | 8 | | Governor covered by the agreement .
| 9 | | (Source: P.A. 100-22, eff. 1-1-18 .)
| 10 | | Section 10. The Revised Uniform Unclaimed Property Act is | 11 | | amended by changing Sections 15-102, 15-201, 15-202, 15-213, | 12 | | 15-401, 15-503, 15-603, 15-607, and 15-906 as follows: | 13 | | (765 ILCS 1026/15-102) | 14 | | Sec. 15-102. Definitions. In this Act: | 15 | | (1) "Administrator" means the State Treasurer. | 16 | | (2) "Administrator's agent" means a person with which | 17 | | the administrator contracts to conduct an examination | 18 | | under Article 10 on behalf of the administrator. The term | 19 | | includes an independent contractor of the person and each | 20 | | individual participating in the examination on behalf of | 21 | | the person or contractor. | 22 | | (2.5) (Blank). | 23 | | (3) "Apparent owner" means a person whose name appears | 24 | | on the records of a holder as the owner of property held, |
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| 1 | | issued, or owing by the holder. | 2 | | (4) "Business association" means a corporation, joint | 3 | | stock company, investment company, unincorporated | 4 | | association, joint venture, limited liability company, | 5 | | business trust, trust company, land bank, safe deposit | 6 | | company, safekeeping depository, financial organization, | 7 | | insurance company, federally chartered entity, utility, | 8 | | sole proprietorship, or other business entity, whether or | 9 | | not for profit. | 10 | | (5) "Confidential information" means information that | 11 | | is "personal information" under the Personal Information | 12 | | Protection Act, "private information" under the Freedom of | 13 | | Information Act or personal information contained within | 14 | | public records, the disclosure of which would constitute a | 15 | | clearly unwarranted invasion of personal privacy, unless | 16 | | the disclosure is consented to in writing by the | 17 | | individual subjects of the information as provided in the | 18 | | Freedom of Information Act. | 19 | | (6) "Domicile" means: | 20 | | (A) for a corporation, the state of its | 21 | | incorporation; | 22 | | (B) for a business association whose formation | 23 | | requires a filing with a state, other than a | 24 | | corporation, the state of its filing; | 25 | | (C) for a federally chartered entity or an | 26 | | investment company registered under the Investment |
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| 1 | | Company Act of 1940, the state of its home office; and | 2 | | (D) for any other holder, the state of its | 3 | | principal place of business. | 4 | | (7) "Electronic" means relating to technology having | 5 | | electrical, digital, magnetic, wireless, optical, | 6 | | electromagnetic, or similar capabilities. | 7 | | (8) "Electronic mail" means a communication by | 8 | | electronic means which is automatically retained and | 9 | | stored and may be readily accessed or retrieved. | 10 | | (8.5) "Escheat fee" means any charge imposed solely by | 11 | | virtue of property being reported as presumed abandoned. | 12 | | (9) "Financial organization" means a bank, savings | 13 | | bank, foreign bank, corporate fiduciary, currency | 14 | | exchange, money transmitter, or credit union. | 15 | | (10) "Game-related digital content" means digital | 16 | | content that exists only in an electronic game or | 17 | | electronic-game platform. The term: | 18 | | (A) includes: | 19 | | (i) game-play currency such as a virtual | 20 | | wallet, even if denominated in United States | 21 | | currency; and | 22 | | (ii) the following if for use or redemption | 23 | | only within the game or platform or another | 24 | | electronic game or electronic-game platform: | 25 | | (I) points sometimes referred to as gems, | 26 | | tokens, gold, and similar names; and |
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| 1 | | (II) digital codes; and | 2 | | (B) does not include an item that the issuer: | 3 | | (i) permits to be redeemed for use outside a | 4 | | game or platform for: | 5 | | (I) money; or | 6 | | (II) goods or services that have more than | 7 | | minimal value; or | 8 | | (ii) otherwise monetizes for use outside a | 9 | | game or platform. | 10 | | (11) "Gift card" means a record evidencing a promise | 11 | | made for consideration by the seller or issuer of the | 12 | | record that goods, services, or money will be provided to | 13 | | the owner of the record to the value or amount shown in the | 14 | | record that is either: | 15 | | (A) a record: | 16 | | (i) issued on a prepaid basis primarily for | 17 | | personal, family, or household purposes to a | 18 | | consumer in a specified amount; | 19 | | (ii) the value of which does not expire; | 20 | | (iii) that is not subject to a dormancy, | 21 | | inactivity, or post-sale service fee; | 22 | | (iv) that is redeemable upon presentation for | 23 | | goods or services; and | 24 | | (v) that, unless required by law, may not be | 25 | | redeemed for or converted into money or otherwise | 26 | | monetized by the issuer; or |
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| 1 | | (B) a prepaid commercial mobile radio service, as | 2 | | defined in 47 CFR C.F.R. 20.3, as amended. | 3 | | (12) "Holder" means a person obligated to hold for the | 4 | | account of, or to deliver or pay to, the owner, property | 5 | | subject to this Act. | 6 | | (13) "Insurance company" means an association, | 7 | | corporation, or fraternal or mutual-benefit organization, | 8 | | whether or not for profit, engaged in the business of | 9 | | providing life endowments, annuities, or insurance, | 10 | | including accident, burial, casualty, credit-life, | 11 | | contract-performance, dental, disability, fidelity, fire, | 12 | | health, hospitalization, illness, life, malpractice, | 13 | | marine, mortgage, surety, wage-protection, and | 14 | | worker-compensation insurance. | 15 | | (14) "Loyalty card" means a record given without | 16 | | direct monetary consideration under an award, reward, | 17 | | benefit, loyalty, incentive, rebate, or promotional | 18 | | program which may be used or redeemed only to obtain goods | 19 | | or services or a discount on goods or services. The term | 20 | | does not include a record that may be redeemed for money or | 21 | | otherwise monetized by the issuer. | 22 | | (15) "Mineral" means gas, oil, coal, oil shale, other | 23 | | gaseous liquid or solid hydrocarbon, cement material, sand | 24 | | and gravel, road material, building stone, chemical raw | 25 | | material, gemstone, fissionable and nonfissionable ores, | 26 | | colloidal and other clay, steam and other geothermal |
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| 1 | | resources, and any other substance defined as a mineral by | 2 | | law of this State other than this Act. | 3 | | (16) "Mineral proceeds" means an amount payable for | 4 | | extraction, production, or sale of minerals, or, on the | 5 | | abandonment of the amount, an amount that becomes payable | 6 | | after abandonment. The term includes an amount payable: | 7 | | (A) for the acquisition and retention of a mineral | 8 | | lease, including a bonus, royalty, compensatory | 9 | | royalty, shut-in royalty, minimum royalty, and delay | 10 | | rental; | 11 | | (B) for the extraction, production, or sale of | 12 | | minerals, including a net revenue interest, royalty, | 13 | | overriding royalty, extraction payment, and production | 14 | | payment; and | 15 | | (C) under an agreement or option, including a | 16 | | joint-operating agreement, unit agreement, pooling | 17 | | agreement, and farm-out agreement. | 18 | | (17) "Money order" means a payment order for a | 19 | | specified amount of money. The term includes an express | 20 | | money order and a personal money order on which the | 21 | | remitter is the purchaser. | 22 | | (18) "Municipal bond" means a bond or evidence of | 23 | | indebtedness issued by a municipality or other political | 24 | | subdivision of a state. | 25 | | (19) "Net card value" means the original purchase | 26 | | price or original issued value of a stored-value card, |
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| 1 | | plus amounts added to the original price or value, minus | 2 | | amounts used and any service charge, fee, or dormancy | 3 | | charge permitted by law. | 4 | | (20) "Non-freely transferable security" means a | 5 | | security that cannot be delivered to the administrator by | 6 | | the Depository Trust Clearing Corporation or similar | 7 | | custodian of securities providing post-trade clearing and | 8 | | settlement services to financial markets or cannot be | 9 | | delivered because there is no agent to effect transfer. | 10 | | The term includes a worthless security. | 11 | | (21) "Owner", unless the context otherwise requires, | 12 | | means a person that has a legal, beneficial, or equitable | 13 | | interest in property subject to this Act or the person's | 14 | | legal representative when acting on behalf of the owner. | 15 | | The term includes: | 16 | | (A) a depositor, for a deposit; | 17 | | (B) a beneficiary, for a trust other than a | 18 | | deposit in trust; | 19 | | (C) a creditor, claimant, or payee, for other | 20 | | property; and | 21 | | (D) the lawful bearer of a record that may be used | 22 | | to obtain money, a reward, or a thing of value. | 23 | | (22) "Payroll card" means a record that evidences a | 24 | | payroll-card account as defined in Regulation E, 12 CFR | 25 | | Part 1005, as amended. | 26 | | (23) "Person" means an individual, estate, business |
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| 1 | | association, public corporation, government or | 2 | | governmental subdivision, agency, or instrumentality, or | 3 | | other legal entity, whether or not for profit. | 4 | | (24) "Property" means tangible property described in | 5 | | Section 15-201 or a fixed and certain interest in | 6 | | intangible property held, issued, or owed in the course of | 7 | | a holder's business or by a government, governmental | 8 | | subdivision, agency, or instrumentality. The term: | 9 | | (A) includes all income from or increments to the | 10 | | property; | 11 | | (B) includes property referred to as or evidenced | 12 | | by: | 13 | | (i) money, virtual currency, interest, or a | 14 | | dividend, check, draft, deposit, or payroll card; | 15 | | (ii) a credit balance, customer's overpayment, | 16 | | stored-value card, security deposit, refund, | 17 | | credit memorandum, unpaid wage, unused ticket for | 18 | | which the issuer has an obligation to provide a | 19 | | refund, mineral proceeds, or unidentified | 20 | | remittance; | 21 | | (iii) a security except for: | 22 | | (I) a worthless security; or | 23 | | (II) a security that is subject to a lien, | 24 | | legal hold, or restriction evidenced on the | 25 | | records of the holder or imposed by operation | 26 | | of law, if the lien, legal hold, or |
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| 1 | | restriction restricts the holder's or owner's | 2 | | ability to receive, transfer, sell, or | 3 | | otherwise negotiate the security; | 4 | | (iv) a bond, debenture, note, or other | 5 | | evidence of indebtedness; | 6 | | (v) money deposited to redeem a security, make | 7 | | a distribution, or pay a dividend; | 8 | | (vi) an amount due and payable under an | 9 | | annuity contract or insurance policy; | 10 | | (vii) an amount distributable from a trust or | 11 | | custodial fund established under a plan to provide | 12 | | health, welfare, pension, vacation, severance, | 13 | | retirement, death, stock purchase, profit-sharing, | 14 | | employee-savings, supplemental-unemployment | 15 | | insurance, or a similar benefit; and | 16 | | (viii) any instrument on which a financial | 17 | | organization or business association is directly | 18 | | liable; and | 19 | | (C) does not include: | 20 | | (i) game-related digital content; | 21 | | (ii) a loyalty card; | 22 | | (iii) a gift card; or | 23 | | (iv) funds on deposit or held in trust | 24 | | pursuant to Section 16 of the Illinois Pre-Need | 25 | | Cemetery Sales Act. | 26 | | (25) "Putative holder" means a person believed by the |
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| 1 | | administrator to be a holder, until the person pays or | 2 | | delivers to the administrator property subject to this Act | 3 | | or the administrator or a court makes a final | 4 | | determination that the person is or is not a holder. | 5 | | (26) "Record" means information that is inscribed on a | 6 | | tangible medium or that is stored in an electronic or | 7 | | other medium and is retrievable in perceivable form. The | 8 | | phrase "records of the holder" includes records maintained | 9 | | by a third party that has contracted with the holder. | 10 | | (27) "Security" means: | 11 | | (A) a security as defined in Article 8 of the | 12 | | Uniform Commercial Code; | 13 | | (B) a security entitlement as defined in Article 8 | 14 | | of the Uniform Commercial Code, including a customer | 15 | | security account held by a registered broker-dealer, | 16 | | to the extent the financial assets held in the | 17 | | security account are not: | 18 | | (i) registered on the books of the issuer in | 19 | | the name of the person for which the broker-dealer | 20 | | holds the assets; | 21 | | (ii) payable to the order of the person; or | 22 | | (iii) specifically indorsed to the person; or | 23 | | (C) an equity interest in a business association | 24 | | not included in subparagraph (A) or (B). | 25 | | (28) "Sign" means, with present intent to authenticate | 26 | | or adopt a record: |
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| 1 | | (A) to execute or adopt a tangible symbol; or | 2 | | (B) to attach to or logically associate with the | 3 | | record an electronic symbol, sound, or process. | 4 | | (29) "State" means a state of the United States, the | 5 | | District of Columbia, the Commonwealth of Puerto Rico, the | 6 | | United States Virgin Islands, or any territory or insular | 7 | | possession subject to the jurisdiction of the United | 8 | | States. | 9 | | (30) "Stored-value card" means a card, code, or other | 10 | | device that is: | 11 | | (A) issued on a prepaid basis primarily for | 12 | | personal, family, or household purposes to a consumer | 13 | | in a specified amount, whether or not that amount may | 14 | | be increased or reloaded in exchange for payment; and | 15 | | (B) redeemable upon presentation at multiple | 16 | | unaffiliated merchants for goods or services or usable | 17 | | at automated teller machines; and | 18 | | "Stored-value card" does not include a gift card, | 19 | | payroll card, loyalty card, or game-related digital | 20 | | content. | 21 | | (31) "Utility" means a person that owns or operates | 22 | | for public use a plant, equipment, real property, | 23 | | franchise, or license for the following public services: | 24 | | (A) transmission of communications or information; | 25 | | (B) production, storage, transmission, sale, | 26 | | delivery, or furnishing of electricity, water, steam, |
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| 1 | | or gas; or | 2 | | (C) provision of sewage or septic services, or | 3 | | trash, garbage, or recycling disposal. | 4 | | (32) "Virtual currency" means any type of a digital | 5 | | unit, including cryptocurrency, representation of value | 6 | | used as a medium of exchange, unit of account, or a form of | 7 | | digitally stored store of value, which does not have legal | 8 | | tender status recognized by the United States. The term | 9 | | does not include: | 10 | | (A) the software or protocols governing the | 11 | | transfer of the digital representation of value; | 12 | | (B) game-related digital content; or | 13 | | (C) a loyalty card or gift card. | 14 | | (33) "Worthless security" means a security whose cost | 15 | | of liquidation and delivery to the administrator would | 16 | | exceed the value of the security on the date a report is | 17 | | due under this Act.
| 18 | | (Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18; | 19 | | 101-552, eff. 1-1-20 .) | 20 | | (765 ILCS 1026/15-201) | 21 | | Sec. 15-201. When property presumed abandoned. Subject to | 22 | | Section 15-210, the following property is presumed abandoned | 23 | | if it is unclaimed by the apparent owner during the period | 24 | | specified below: | 25 | | (1) a traveler's check, 15 years after issuance; |
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| 1 | | (2) a money order, 3 7 years after issuance; | 2 | | (3) any instrument on which a financial organization | 3 | | or business association is directly liable, 3 years after | 4 | | issuance; | 5 | | (4) a state or municipal bond, bearer bond, or | 6 | | original-issue-discount bond, 3 years after the earliest | 7 | | of the date the bond matures or is called or the obligation | 8 | | to pay the principal of the bond arises; | 9 | | (5) a debt of a business association, 3 years after | 10 | | the obligation to pay arises; | 11 | | (6) a demand, savings, or time deposit, 3 years after | 12 | | the later of maturity or the date of the last indication of | 13 | | interest in the property by the apparent owner, except for | 14 | | a deposit that is automatically renewable, 3 years after | 15 | | its initial date of maturity unless the apparent owner | 16 | | consented in a record on file with the holder to renewal at | 17 | | or about the time of the renewal; | 18 | | (6.5) virtual currency, 5 years after the last | 19 | | indication of interest in the property; | 20 | | (7) money or a credit owed to a customer as a result of | 21 | | a retail business transaction, other than in-store credit | 22 | | for returned merchandise, 3 years after the obligation | 23 | | arose; | 24 | | (8) an amount owed by an insurance company on a life or | 25 | | endowment insurance policy or an annuity contract that has | 26 | | matured or terminated, 3 years after the obligation to pay |
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| 1 | | arose under the terms of the policy or contract or, if a | 2 | | policy or contract for which an amount is owed on proof of | 3 | | death has not matured by proof of the death of the insured | 4 | | or annuitant, as follows: | 5 | | (A) with respect to an amount owed on a life or | 6 | | endowment insurance policy, the earlier of: | 7 | | (i) 3 years after the death of the insured; or | 8 | | (ii) 2 years after the insured has attained, | 9 | | or would have attained if living, the limiting age | 10 | | under the mortality table on which the reserve for | 11 | | the policy is based; and | 12 | | (B) with respect to an amount owed on an annuity | 13 | | contract, 3 years after the death of the annuitant. | 14 | | (9) funds on deposit or held in trust pursuant to the | 15 | | Illinois Funeral or Burial Funds Act, the earliest of: | 16 | | (A) 2 years after the date of death of the | 17 | | beneficiary; | 18 | | (B) one year after the date the beneficiary has | 19 | | attained, or would have attained if living, the age of | 20 | | 105 where the holder does not know whether the | 21 | | beneficiary is deceased; | 22 | | (C) 40 years after the contract for prepayment was | 23 | | executed, unless the apparent owner has indicated an | 24 | | interest in the property more than 40 years after the | 25 | | contract for prepayment was executed, in which case, 3 | 26 | | years after the last indication of interest in the |
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| 1 | | property by the apparent owner; | 2 | | (10) property distributable by a business association | 3 | | in the course of dissolution or distributions from the | 4 | | termination of a retirement plan, one year after the | 5 | | property becomes distributable; | 6 | | (11) property held by a court, including property | 7 | | received as proceeds of a class action, 3 years after the | 8 | | property becomes distributable; | 9 | | (12) property held by a government or governmental | 10 | | subdivision, agency, or instrumentality, including | 11 | | municipal bond interest and unredeemed principal under the | 12 | | administration of a paying agent or indenture trustee, 3 | 13 | | years after the property becomes distributable; | 14 | | (13) wages, commissions, bonuses, or reimbursements to | 15 | | which an employee is entitled, or other compensation for | 16 | | personal services, including amounts held on a payroll | 17 | | card, one year after the amount becomes payable; | 18 | | (14) a deposit or refund owed to a subscriber by a | 19 | | utility, one year after the deposit or refund becomes | 20 | | payable, except that any capital credits or patronage | 21 | | capital retired, returned, refunded or tendered to a | 22 | | member of an electric cooperative, as defined in Section | 23 | | 3.4 of the Electric Supplier Act, or a telephone or | 24 | | telecommunications cooperative, as defined in Section | 25 | | 13-212 of the Public Utilities Act, that has remained | 26 | | unclaimed by the person appearing on the records of the |
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| 1 | | entitled cooperative for more than 2 years, shall not be | 2 | | subject to, or governed by, any other provisions of this | 3 | | Act, but rather shall be used by the cooperative for the | 4 | | benefit of the general membership of the cooperative; and | 5 | | (15) property not specified in this Section or | 6 | | Sections 15-202 through 15-208, the earlier of 3 years | 7 | | after the owner first has a right to demand the property or | 8 | | the obligation to pay or distribute the property arises. | 9 | | Notwithstanding anything to the contrary in this Section | 10 | | 15-201, and subject to Section 15-210, a deceased owner cannot | 11 | | indicate interest in his or her property. If the owner is | 12 | | deceased and the abandonment period for the owner's property | 13 | | specified in this Section 15-201 is greater than 2 years, then | 14 | | the property, other than an amount owed by an insurance | 15 | | company on a life or endowment insurance policy or an annuity | 16 | | contract that has matured or terminated, shall instead be | 17 | | presumed abandoned 2 years from the date of the owner's last | 18 | | indication of interest in the property.
| 19 | | (Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18; | 20 | | 101-552, eff. 1-1-20 .) | 21 | | (765 ILCS 1026/15-202)
| 22 | | Sec. 15-202. When tax-deferred and tax-exempt retirement | 23 | | accounts account presumed abandoned. | 24 | | (a) Subject to Section 15-210, property held in a pension | 25 | | account or retirement account that qualifies for tax deferral |
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| 1 | | or tax exemption under the income-tax laws of the United | 2 | | States is presumed abandoned if it is unclaimed by the | 3 | | apparent owner after the later of: | 4 | | (1) 3 years after the following dates: | 5 | | (A) except as in subparagraph (B), the date a | 6 | | communication sent by the holder by first-class United | 7 | | States mail to the apparent owner is returned to the | 8 | | holder undelivered by the United States Postal | 9 | | Service; or | 10 | | (B) if such communication is re-sent within 30 | 11 | | days after the date the first communication is | 12 | | returned undelivered, the date the second | 13 | | communication was returned undelivered by the United | 14 | | States Postal Service; or | 15 | | (2) the earlier of the following dates: | 16 | | (A) 3 years after the date the apparent owner | 17 | | becomes 72 70.5 years of age, if determinable by the | 18 | | holder; or | 19 | | (B) one year after the date of mandatory | 20 | | distribution following death if the Internal Revenue | 21 | | Code requires distribution to avoid a tax penalty and | 22 | | the holder: | 23 | | (i) receives confirmation of the death of the | 24 | | apparent owner in the ordinary course of its | 25 | | business; or | 26 | | (ii) confirms the death of the apparent owner |
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| 1 | | under subsection (b). | 2 | | (b) If a holder in the ordinary course of its business | 3 | | receives notice or an indication of the death of an apparent | 4 | | owner and subsection (a)(2) applies, the holder shall attempt | 5 | | not later than 90 days after receipt of the notice or | 6 | | indication to confirm whether the apparent owner is deceased. | 7 | | (c) If the holder does not send communications to the | 8 | | apparent owner of an account described in subsection (a) by | 9 | | first-class United States mail on at least an annual basis, | 10 | | the holder shall attempt to confirm the apparent owner's | 11 | | interest in the property by sending the apparent owner an | 12 | | electronic-mail communication not later than 2 years after the | 13 | | apparent owner's last indication of interest in the property. | 14 | | However, the holder promptly shall attempt to contact the | 15 | | apparent owner by first-class United States mail if: | 16 | | (1) the holder does not have information needed to | 17 | | send the apparent owner an electronic mail communication | 18 | | or the holder believes that the apparent owner's | 19 | | electronic mail address in the holder's records is not | 20 | | valid; | 21 | | (2) the holder receives notification that the | 22 | | electronic-mail communication was not received; or | 23 | | (3) the apparent owner does not respond to the | 24 | | electronic-mail communication within 30 days after the | 25 | | communication was sent. | 26 | | (d) If first-class United States mail sent under |
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| 1 | | subsection (c) is returned to the holder undelivered by the | 2 | | United States Postal Service, the property is presumed | 3 | | abandoned 3 years after the later of: | 4 | | (1) except as in paragraph (2), the date a | 5 | | communication to contact the apparent owner sent by | 6 | | first-class United States mail is returned to the holder | 7 | | undelivered; | 8 | | (2) if such communication is re-sent within 30 days | 9 | | after the date the first communication is returned | 10 | | undelivered, the date the second communication was | 11 | | returned undelivered; or | 12 | | (3) the date established by subsection (a)(2).
| 13 | | (Source: P.A. 100-22, eff. 1-1-18 .) | 14 | | (765 ILCS 1026/15-213)
| 15 | | Sec. 15-213. United States savings bonds. | 16 | | (a) As used in this Section, "United States savings bond" | 17 | | means property, tangible or intangible, in the form of a | 18 | | savings bond issued by the United States Treasury, whether in | 19 | | paper, electronic, or paperless form, along with all proceeds | 20 | | thereof in the possession of the administrator . | 21 | | (b) Notwithstanding any provision of this Act to the | 22 | | contrary, a United States savings bond subject to this Section | 23 | | or held or owing in this State by any person is presumed | 24 | | abandoned when such bond has remained unclaimed and unredeemed | 25 | | for 5 years after its date of final extended maturity. |
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| 1 | | (c) United States savings bonds that are presumed | 2 | | abandoned and unclaimed under subsection (b) shall escheat to | 3 | | the State of Illinois and all property rights and legal title | 4 | | to and ownership of the United States savings bonds, or | 5 | | proceeds from the bonds, including all rights, powers, and | 6 | | privileges of survivorship of any owner, co-owner, or | 7 | | beneficiary, shall vest solely in the State according to the | 8 | | procedure set forth in subsections (d) through (f). | 9 | | (d) Within 180 days after a United States savings bond has | 10 | | been presumed abandoned, in the absence of a claim having been | 11 | | filed with the administrator for the savings bond, the | 12 | | administrator shall commence a civil action in the Circuit | 13 | | Court of Sangamon County for a determination that the United | 14 | | States savings bonds has escheated to the State. The | 15 | | administrator may postpone the bringing of the action until | 16 | | sufficient United States savings bonds have accumulated in the | 17 | | administrator's custody to justify the expense of the | 18 | | proceedings. | 19 | | (e) The administrator shall make service by publication in | 20 | | the civil action in accordance with Sections 2-206 and 2-207 | 21 | | of the Code of Civil Procedure, which shall include the filing | 22 | | with the Circuit Court of Sangamon County of the affidavit | 23 | | required in Section 2-206 of that Code by an employee of the | 24 | | administrator with personal knowledge of the efforts made to | 25 | | contact the owners of United States savings bonds presumed | 26 | | abandoned under this Section. In addition to the diligent |
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| 1 | | inquiries made pursuant to Section 2-206 of the Code of Civil | 2 | | Procedure, the administrator may also utilize additional | 3 | | discretionary means to attempt to provide notice to persons | 4 | | who may own a United States savings bond registered to a person | 5 | | with a last known address in the State of Illinois subject to a | 6 | | civil action pursuant to subsection (d). | 7 | | (f) The owner of a United States savings bond registered | 8 | | to a person with a last known address in the State of Illinois | 9 | | subject to a civil action pursuant to subsection (d) may file a | 10 | | claim for such United States savings bond with either the | 11 | | administrator or by filing a claim in the civil action in the | 12 | | Circuit Court of Sangamon County in which the savings bond | 13 | | registered to that person is at issue prior to the entry of a | 14 | | final judgment by the Circuit Court pursuant to this | 15 | | subsection, and unless the Circuit Court determines that such | 16 | | United States savings bond is not owned by the claimant, then | 17 | | such United States savings bond shall no longer be presumed | 18 | | abandoned. If no person files a claim or appears at the hearing | 19 | | to substantiate a disputed claim or if the court determines | 20 | | that a claimant is not entitled to the property claimed by the | 21 | | claimant, then the court, if satisfied by evidence that the | 22 | | administrator has substantially complied with the laws of this | 23 | | State, shall enter a judgment that the United States savings | 24 | | bonds have escheated to this State, and all property rights | 25 | | and legal title to and ownership of such United States savings | 26 | | bonds or proceeds from such bonds, including all rights, |
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| 1 | | powers, and privileges of survivorship of any owner, co-owner, | 2 | | or beneficiary, shall vest in this State. | 3 | | (g) The administrator shall redeem from the Bureau of the | 4 | | Fiscal Service of the United States Treasury the United States | 5 | | savings bonds escheated to the State and deposit the proceeds | 6 | | from the redemption of United States savings bonds into the | 7 | | Unclaimed Property Trust Fund. | 8 | | (h) Any person making a claim for the United States | 9 | | savings bonds escheated to the State under this subsection, or | 10 | | for the proceeds from such bonds, may file a claim with the | 11 | | administrator. Upon providing sufficient proof of the validity | 12 | | of such person's claim, the administrator may, in his or her | 13 | | sole discretion, pay such claim. If payment has been made to | 14 | | any claimant, no action thereafter may be maintained by any | 15 | | other claimant against the State or any officer thereof for or | 16 | | on account of such funds.
| 17 | | (Source: P.A. 100-22, eff. 1-1-18 .) | 18 | | (765 ILCS 1026/15-401)
| 19 | | Sec. 15-401. Report required by holder. | 20 | | (a) A holder of property presumed abandoned and subject to | 21 | | the custody of the administrator shall report in a record to | 22 | | the administrator concerning the property. A holder shall | 23 | | report via the internet in a format approved by the | 24 | | administrator, unless the administrator gives a holder | 25 | | specific permission to file a paper report. |
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| 1 | | (b) A holder may contract with a third party to make the | 2 | | report required under subsection (a). | 3 | | (c) Whether or not a holder contracts with a third party | 4 | | under subsection (b), the holder is responsible: | 5 | | (1) to the administrator for the complete, accurate, | 6 | | and timely reporting of property presumed abandoned; and | 7 | | (2) for paying or delivering to the administrator | 8 | | property described in the report.
| 9 | | (d) A business association who has no reportable property | 10 | | shall so report to the administrator on forms via the Internet | 11 | | in a format approved by the administrator if the business | 12 | | association has: | 13 | | (1) annual sales of more than $1,000,000; | 14 | | (2) securities that are publicly traded; | 15 | | (3) a net worth of more than $10,000,000; or | 16 | | (4) more than 100 employees. | 17 | | The administrator may increase one or more of the | 18 | | thresholds for filing a negative report by administrative | 19 | | rule. | 20 | | (Source: P.A. 100-22, eff. 1-1-18 .) | 21 | | (765 ILCS 1026/15-503)
| 22 | | Sec. 15-503. Notice by administrator. | 23 | | (a) The administrator shall give notice to an apparent | 24 | | owner that property presumed abandoned and appears to be owned | 25 | | by the apparent owner is held by the administrator under this |
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| 1 | | Act. | 2 | | (b) In providing notice under subsection (a), the | 3 | | administrator shall: | 4 | | (1) except as otherwise provided in paragraph (2), | 5 | | send written notice by first-class United States mail to | 6 | | each apparent owner of property valued at $100 or more | 7 | | held by the administrator, unless the administrator | 8 | | determines that a mailing by first-class United States | 9 | | mail would not be received by the apparent owner, and, in | 10 | | the case of a security held in an account for which the | 11 | | apparent owner had consented to receiving electronic mail | 12 | | from the holder, send notice by electronic mail if the | 13 | | electronic-mail address of the apparent owner is known to | 14 | | the administrator instead of by first-class United States | 15 | | mail; or | 16 | | (2) send the notice to the apparent owner's | 17 | | electronic-mail address if the administrator does not have | 18 | | a valid United States mail address for an apparent owner, | 19 | | but has an electronic-mail address that the administrator | 20 | | does not know to be invalid. | 21 | | (c) In addition to the notice under subsection (b), the | 22 | | administrator shall: | 23 | | (1) publish every 6 months in at least one English | 24 | | language newspaper of general circulation in each county | 25 | | in this State notice of property held by the administrator | 26 | | which must include: |
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| 1 | | (A) the total value of property received by the | 2 | | administrator during the preceding 6-month period, | 3 | | taken from the reports under Section 15-401; | 4 | | (B) the total value of claims paid by the | 5 | | administrator during the preceding 6-month period; | 6 | | (C) the Internet web address of the unclaimed | 7 | | property website maintained by the administrator; | 8 | | (D) a telephone number and electronic-mail address | 9 | | to contact the administrator to inquire about or claim | 10 | | property; and | 11 | | (E) a statement that a person may access the | 12 | | Internet by a computer to search for unclaimed | 13 | | property and a computer may be available as a service | 14 | | to the public at a local public library. | 15 | | (2) The administrator shall maintain a website | 16 | | accessible by the public and electronically searchable | 17 | | which contains the names reported to the administrator of | 18 | | apparent owners for whom property is being held by the | 19 | | administrator. The administrator need not list property on | 20 | | such website when: no owner name was reported, a claim has | 21 | | been initiated or is pending for the property, the | 22 | | administrator has made direct contact with the apparent | 23 | | owner of the property, and in other instances where the | 24 | | administrator reasonably believes exclusion of the | 25 | | property is in the best interests of both the State and the | 26 | | owner of the property. |
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| 1 | | (d) The website or database maintained under subsection | 2 | | (c)(2) must include instructions for filing with the | 3 | | administrator a claim to property and an online claim form | 4 | | with instructions. The website may also provide a printable | 5 | | claim form with instructions for its use. | 6 | | (e) Tax return identification of apparent owners of | 7 | | abandoned property. | 8 | | (1) At least annually the administrator shall notify | 9 | | the Department of Revenue of the names of persons | 10 | | appearing to be owners of abandoned property under this | 11 | | Section. The administrator shall also provide to the | 12 | | Department of Revenue the social security numbers of the | 13 | | persons, if available. | 14 | | (2) The Department of Revenue shall notify the | 15 | | administrator if any person under subsection (e)(1) has | 16 | | filed an Illinois income tax return and shall provide the | 17 | | administrator with the last known address of the person as | 18 | | it appears in Department of Revenue records, except as | 19 | | prohibited by federal law. The Department of Revenue may | 20 | | also provide additional addresses for the same taxpayer | 21 | | from the records of the Department, except as prohibited | 22 | | by federal law. | 23 | | (3) In order to facilitate the return of property | 24 | | under this subsection, the administrator and the | 25 | | Department of Revenue may enter into an interagency | 26 | | agreement concerning protection of confidential |
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| 1 | | information, data match rules, and other issues. | 2 | | (4) The administrator may deliver, as provided under | 3 | | Section 15-904 of this Act, property or pay the amount | 4 | | owing to a person matched under this Section without the | 5 | | person filing a claim under Section 15-903 of this Act if | 6 | | the following conditions are met: | 7 | | (A) the value of the property that is owed the | 8 | | person is $2,000 or less; | 9 | | (B) the property is not either tangible property | 10 | | or securities; | 11 | | (C) the last known address for the person | 12 | | according to the Department of Revenue records is less | 13 | | than 12 months old; and | 14 | | (D) the administrator has evidence sufficient to | 15 | | establish that the person who appears in Department of | 16 | | Revenue records is the owner of the property and the | 17 | | owner currently resides at the last known address from | 18 | | the Department of Revenue. | 19 | | (5) If the value of the property that is owed the | 20 | | person is greater than $2,000, or is tangible property or | 21 | | securities the administrator shall provide notice to the | 22 | | person, informing the person that he or she is the owner of | 23 | | abandoned property held by the State and may file a claim | 24 | | with the administrator for return of the property. | 25 | | (6) The administrator does not need to notify the | 26 | | Department of Revenue of the names or social security |
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| 1 | | numbers of apparent owners of abandoned property if the | 2 | | administrator reasonably believes that the Department of | 3 | | Revenue will be unable to provide information that would | 4 | | provide sufficient evidence to establish that the person | 5 | | in the Department of Revenue's records is the apparent | 6 | | owner of unclaimed property in the custody of the | 7 | | administrator. | 8 | | (f) The administrator may use additional databases to | 9 | | verify the identity of the person and that the person | 10 | | currently resides at the last known address. The administrator | 11 | | may utilize publicly and commercially available databases to | 12 | | find and update or add information for apparent owners of | 13 | | property held by the administrator. | 14 | | (g) In addition to giving notice under subsection (b), | 15 | | publishing the information under subsection (c)(1) and | 16 | | maintaining the website or database under subsection (c)(2), | 17 | | the administrator may use other printed publication, | 18 | | telecommunication, the Internet, or other media to inform the | 19 | | public of the existence of unclaimed property held by the | 20 | | administrator.
| 21 | | (h) Identification of apparent owners of abandoned | 22 | | property using other State databases. | 23 | | (1) The administrator may enter into interagency | 24 | | agreements with the Secretary of State and the Illinois State | 25 | | Board of Elections to identify persons appearing to be owners | 26 | | of abandoned property with databases under the control of the |
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| 1 | | Secretary of State and the Illinois State Board of Elections. | 2 | | Such interagency agreements shall include protection of | 3 | | confidential information, data match rules, and other | 4 | | necessary and proper issues. | 5 | | (2) Except as prohibited by federal law, after January 1, | 6 | | 2022 the administrator may provide the Secretary of State with | 7 | | names and other identifying information of persons appearing | 8 | | to be owners of abandoned property. The Secretary of State | 9 | | shall provide the administrator with the last known address as | 10 | | it appears in its respective records of any person reasonably | 11 | | believed to be the apparent owner of abandoned property. | 12 | | (3) The Illinois State Board of Elections shall, upon | 13 | | request, annually provide the administrator with electronic | 14 | | data or compilations of voter registration information. The | 15 | | administrator may use such electronic data or compilations of | 16 | | voter registration information to identify persons appearing | 17 | | to be owners of abandoned property. | 18 | | (4) The administrator may deliver, as provided under | 19 | | Section 15-904, property or pay the amount owing to a person | 20 | | matched under this Section without the person filing a claim | 21 | | under Section 15-903 if: | 22 | | (i) the value of the property that is owed the person | 23 | | is $2,000 or less; | 24 | | (ii) the property is not either tangible property or | 25 | | securities; | 26 | | (iii) the last known address for the person according |
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| 1 | | to the records of the Secretary of State or Illinois State | 2 | | Board of Elections is less than 12 months old; and | 3 | | (iv) the administrator has evidence sufficient to | 4 | | establish that the person who appears in the records of | 5 | | the Secretary of State or Illinois State Board of | 6 | | Elections is the owner of the property and the owner | 7 | | currently resides at the last known address from the | 8 | | Secretary of State or the Illinois State Board of | 9 | | Elections. | 10 | | (Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18.) | 11 | | (765 ILCS 1026/15-603)
| 12 | | Sec. 15-603. Payment or delivery of property to | 13 | | administrator. | 14 | | (a) Except as otherwise provided in this Section, on | 15 | | filing a report under Section 15-401, the holder shall pay or | 16 | | deliver to the administrator the property described in the | 17 | | report. | 18 | | (b) If property in a report under Section 15-401 is an | 19 | | automatically renewable deposit and a penalty or forfeiture in | 20 | | the payment of interest would result from paying the deposit | 21 | | to the administrator at the time of the report, the date for | 22 | | payment of the property to the administrator is extended until | 23 | | a penalty or forfeiture no longer would result from payment, | 24 | | if the holder informs the administrator of the extended date. | 25 | | (c) Tangible property in a safe-deposit box may not be |
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| 1 | | delivered to the administrator until a mutually agreed upon | 2 | | date that is no sooner than 60 days after filing the report | 3 | | under Section 15-401. | 4 | | (d) If property reported to the administrator under | 5 | | Section 15-401 is a security, the administrator may: | 6 | | (1) make an endorsement, instruction, or entitlement | 7 | | order on behalf of the apparent owner to invoke the duty of | 8 | | the issuer, its transfer agent, or the securities | 9 | | intermediary to transfer the security; or | 10 | | (2) dispose of the security under Section 15-702. | 11 | | (e) If the holder of property reported to the | 12 | | administrator under Section 15-401 is the issuer of a | 13 | | certificated security, the administrator may obtain a | 14 | | replacement certificate in physical or book-entry form under | 15 | | Section 8-405 of the Uniform Commercial Code. An indemnity | 16 | | bond is not required. | 17 | | (f) The administrator shall establish procedures for the | 18 | | registration, issuance, method of delivery, transfer, and | 19 | | maintenance of securities delivered to the administrator by a | 20 | | holder. | 21 | | (g) An issuer, holder, and transfer agent or other person | 22 | | acting in good faith under this Section under instructions of | 23 | | and on behalf of the issuer or holder is not liable to the | 24 | | apparent owner for a claim arising with respect to property | 25 | | after the property has been delivered to the administrator. | 26 | | (h) A holder is not required to deliver to the |
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| 1 | | administrator a security identified by the holder as a | 2 | | non-freely transferable security in a report filed under | 3 | | Section 15-401. If the administrator or holder determines that | 4 | | a security is no longer a non-freely transferable security, | 5 | | the holder shall report and deliver the security on the next | 6 | | regular date prescribed for delivery of securities under this | 7 | | Act. The holder shall make a determination annually whether a | 8 | | security identified in a report filed under Section 15-401 as | 9 | | a non-freely transferable security is no longer a non-freely | 10 | | transferable security.
| 11 | | (i) If property reported to the administrator is virtual | 12 | | currency, the holder shall liquidate the virtual currency and | 13 | | remit the proceeds to the administrator. The liquidation shall | 14 | | occur anytime within 30 days prior to the filing of the report | 15 | | under Section 15-401. The owner shall not have recourse | 16 | | against the holder or the administrator to recover any gain in | 17 | | value that occurs after the liquidation of the virtual | 18 | | currency under this subsection. | 19 | | (Source: P.A. 100-22, eff. 1-1-18 .) | 20 | | (765 ILCS 1026/15-607)
| 21 | | Sec. 15-607. Crediting income or gain to owner's account. | 22 | | (a) If property other than money is delivered to the | 23 | | administrator, the owner is entitled to receive from the | 24 | | administrator income or gain realized or accrued on the | 25 | | property before the property is sold. |
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| 1 | | (b) Before August 22, 2017 Except as provided in | 2 | | subsection (c) , interest on money is not payable to an owner | 3 | | for periods where the property is in the possession of the | 4 | | administrator.
| 5 | | (c) Beginning on August 22, 2017, If an interest-bearing | 6 | | demand, savings, or time deposit is paid or delivered to the | 7 | | administrator on or after July 1, 2018, then the administrator | 8 | | shall pay interest to the owner of property in the form of | 9 | | money at the greater lesser of: (i) the percentage increase, | 10 | | if any, in the Consumer Price Index for All Urban Consumers for | 11 | | all items published by the United States Department of Labor | 12 | | (CPI-U); or (ii) the actual rate of return the State Treasurer | 13 | | earned on the Unclaimed Property Trust Fund property earned | 14 | | while in the possession of the holder and reported to the | 15 | | administrator . Interest begins to accrue when the property in | 16 | | the form of money is delivered to the administrator or when the | 17 | | administrator converts property to money pursuant to Article 7 | 18 | | and ends on the earlier of the expiration of 10 years after the | 19 | | property begins to accrue interest its delivery or the date on | 20 | | which payment is made to the owner. The administrator may | 21 | | establish by administrative rule more detailed methodologies | 22 | | for calculating the amount of interest to be paid to an owner | 23 | | under this Section using CPI-U or the rate the property earned | 24 | | while in the possession of the holder . | 25 | | (d) When paying interest to an owner pursuant to | 26 | | subsection (c), the administrator shall charge a one-time |
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| 1 | | administrative fee of $5, deductible only from interest. | 2 | | (Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18.) | 3 | | (765 ILCS 1026/15-906)
| 4 | | Sec. 15-906. Action by person whose claim is denied. Not | 5 | | later than one year after filing a claim under subsection (a) | 6 | | of Section 15-903, the claimant may commence a contested case | 7 | | pursuant to the Illinois Administrative Procedure Act to | 8 | | establish a claim by the preponderance of the evidence after | 9 | | either receiving notice under subsection (b) of Section 15-904 | 10 | | 15-903 or the claim is deemed denied under subsection (b) (d) | 11 | | of Section 15-904 15-903 .
| 12 | | (Source: P.A. 100-22, eff. 1-1-18 .)
| 13 | | (15 ILCS 505/0.04 rep.)
| 14 | | (15 ILCS 505/0.05 rep.)
| 15 | | Section 15. The State Treasurer Act is amended by | 16 | | repealing Sections 0.04 and 0.05.
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| 1 | |
INDEX
| 2 | |
Statutes amended in order of appearance
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| 3 | | 15 ILCS 505/0.02 |
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| 4 | | 15 ILCS 505/0.03 |
| | 5 | | 765 ILCS 1026/15-102 | | | 6 | | 765 ILCS 1026/15-201 | | | 7 | | 765 ILCS 1026/15-202 | | | 8 | | 765 ILCS 1026/15-213 | | | 9 | | 765 ILCS 1026/15-401 | | | 10 | | 765 ILCS 1026/15-503 | | | 11 | | 765 ILCS 1026/15-603 | | | 12 | | 765 ILCS 1026/15-607 | | | 13 | | 765 ILCS 1026/15-906 | |
| 14 | | 15 ILCS 505/0.04 rep. |
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| 15 | | 15 ILCS 505/0.05 rep. |
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