Full Text of SB1095 96th General Assembly
SB1095 96TH GENERAL ASSEMBLY
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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB1095
Introduced 2/6/2009, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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770 ILCS 90/1 |
from Ch. 141, par. 1 |
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Amends the Sale of Unclaimed Property Act. Makes a technical change in
a Section concerning the sale of certain unclaimed property.
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A BILL FOR
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SB1095 |
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LRB096 07172 AJO 17258 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, | | 3 |
| represented in the General Assembly:
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| Section 5. The Sale of Unclaimed Property Act is amended by | | 5 |
| changing Section 1 as follows:
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| (770 ILCS 90/1) (from Ch. 141, par. 1)
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| Sec. 1.
Except as provided in the
the Uniform Commercial | | 8 |
| Code in sections 7-209,
7-210, 7-307 and 7-308 regarding the | | 9 |
| lien and foreclosure
provisions for warehousemen and carriers | | 10 |
| and except as provided in the
Self-Service Storage Facility | | 11 |
| Act, enacted by the Eighty-Third General Assembly,
whenever any | | 12 |
| trunk, carpet-bag,
valise, bundle, package, or article of | | 13 |
| property, transported, or coming
into the possession of any | | 14 |
| railroad or express company, or any other common
carrier, or | | 15 |
| innkeeper or warehouseman, or private warehouse-keeper, in the
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| course of its or his business as common carrier, innkeeper, | | 17 |
| warehouseman or
private warehouse-keeper remains unclaimed and | | 18 |
| the legal charges thereon
unpaid during the space of 6 months | | 19 |
| after its arrival at the point to which
it shall have been | | 20 |
| directed, and the owner or person to whom the same is
consigned | | 21 |
| cannot be found upon diligent inquiry, or, being found and
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| notified of the arrival of such article, refuses or neglects to | | 23 |
| receive the
same and pay the legal charges thereon for the |
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SB1095 |
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LRB096 07172 AJO 17258 b |
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| space of 3 months, it shall
be lawful for such common carrier, | | 2 |
| innkeeper, warehouseman or private
warehouse-keeper to sell | | 3 |
| such article at public auction, after giving the
owner or | | 4 |
| consignee 15 days' notice of the time and place of sale, | | 5 |
| through
the post office, and by advertising in a newspaper | | 6 |
| published in the county
where such sale is made, and out of the | | 7 |
| proceeds of such sale to pay all
legal charges on such | | 8 |
| articles, and the overplus, if any, shall be paid to
the owner | | 9 |
| or the consignee upon demand. | | 10 |
| (Source: P.A. 83-800.)
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