Illinois Compiled Statutes 765 ILCS 1025 Uniform Disposition of Unclaimed Property Act. Section 6

    (765 ILCS 1025/6) (from Ch. 141, par. 106)

    Sec. 6. All intangible personal property distributable in the course of a voluntary dissolution of a business association, banking organization, or financial organization that is unclaimed by the owner within 2 years after the date for final distribution, is presumed abandoned.

(Source: P.A. 90-167, eff. 7-23-97.)

Sections:  Previous  1.5  2  2a  3  3a  4  5  6  7  7a  8  8.1  8.2  9  10  Next

Last modified: February 18, 2015