UNCLAIMD PROPRTY-CURRENCY XCHG
Synopsis of Bill as introduced:
Amends the Uniform Disposition of Unclaimed Property Act. In
provisions concerning the report of a holder of unclaimed property,
provides that the report and remittance of the property specified in
the report shall be filed by currency exchanges by the date determined
in the report issued by the Department of Financial Institutions at
the conclusion of its annual examination of each currency exchange.
HOUSE AMENDMENT NO. 2.
Adds reference to:
205 ILCS 405/6
Replaces everything after the enacting clause. Amends the
Currency Exchange Act. Provides that under policies of insurance
against loss due to forgery, a currency exchange may assume
the first $1,000, rather than $100, of each claim. Amends the
Uniform Disposition of Unclaimed Property Act. Provides that a
currency exchange shall report and remit property specified in the
report within 30 days after the conclusion of its annual examination
by the Department of Financial Institutions. Effective immediately.
Last action on Bill: PUBLIC ACT.............................. 92-0271
Last action date: AUG-07-2001
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status