(765 ILCS 1026/15-404)
Sec. 15-404. Retention of records by holder. A holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this Section through an agent. The records must contain: (1) the information required to be included in the |
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(2) the date, place, and nature of the circumstances
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| that gave rise to the property right;
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(3) the amount or value of the property;
(4) the last address of the apparent owner, if known
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(5) sufficient records of items which were not
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| reported as unclaimed, to allow examination to determine whether the holder has complied with the Act; and
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(6) if the holder sells, issues, or provides to
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| others for sale or issue in this State traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.
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(Source: P.A. 100-22, eff. 1-1-18 .)
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