Illinois Compiled Statutes 765 Property: Article -

• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 0.05
  Transfer of powers. The rights, powers, duties, and functions vested in the Department of Financial Institutions to administer this Act are transferred to the...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 1
  As used in this Act, unless the context otherwise requires: (a) "Banking organization" means any bank, trust company, savings bank, industrial bank, land bank,...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 1.5
  Application of the Act. This Act applies to all money returned to the Treasurer by the paying agent for any State bonds or interest coupons...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 2
  Property held by financial organizations; presumption of abandonment. The following property held or owing by a banking or financial organization is presumed abandoned: (a) Any...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 2a
  (a) Business associations shall report, pursuant to Section 11 of this Act, all property and any earnings thereon to which the owner would be entitled...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 3
  (a) Unclaimed funds, as defined in this Section, held and owing by a life insurance corporation shall be presumed abandoned if the last known...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 3a
  Demutualization; insurance company. (a) Property distributable in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be deemed abandoned as...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 4
  The following funds held or owing by any utility are presumed abandoned: (a) Any deposit made by a subscriber with a utility to secure...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 5
  The provisions of this Act shall not apply to any amount held or owing by a banking organization as agent, or as trustee of...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 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...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 7
  All intangible personal property and any income or increment thereon, held in a fiduciary capacity for the benefit of another person is presumed abandoned...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 7a
  The provisions of this Act shall not apply to an active express trust. As of January 1, 1998, this Section shall not be applicable...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 8
  All funds and intangible personal property held for the owner by any court, public authority, or public officer of this State, or a political...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 8.1
  Property held by governments. (a) All tangible personal property or intangible personal property and all debts owed or entrusted funds or other property held...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 8.2
  (Repealed). (Source: P.A. 87-1135. Repealed by P.A. 89-567, eff. 7-26-96.)
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 9
  All personal property, not otherwise covered by this Act, including any income or increment thereon that the owner would be entitled to and deducting...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 10
  If specific property which is subject to the provisions of Sections 2, 5, 6, 7 and 9 is held for or owed or distributable...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 10.5
  Nonapplicability of Act. (a) Unless the personal property was identified in a final examination report by the Director of Financial Institutions issued pursuant to...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 10.6
  Gift certificates and gift cards. (a) This Act applies to a gift certificate or gift card only if: (i) the gift certificate or gift card...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 11
  Report of holder. (a) Except as otherwise provided in subsection (c) of Section 4, every person holding funds or other property, tangible or intangible, presumed...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 11.5
  Estimation techniques and record retention. (a) If a holder has failed to retain records as required by this Act or if the records retained...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 12
  Notice to owners. (a) For property reportable by May 1, as identified by Section 11, the State Treasurer shall cause notice to be published once...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 13
  Every person who has filed a report as provided by Section 11 shall deliver to the State Treasurer all abandoned property specified in the...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 14
  Upon the payment or delivery of abandoned property to the State Treasurer, the state shall assume custody and shall be responsible for the safekeeping...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 15
  When property is paid or delivered to the State Treasurer under this Act, the owner is not entitled to receive income or other increments...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 16
  The expiration of any period of time specified by statute or court order, during which an action or proceeding may be commenced or enforced...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 17
  (a) All abandoned property, other than money and that property exempted by paragraphs (1), (2), (3), (4), (5), and (6) of this subsection, delivered to...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 18
  Deposit of funds received under the Act. (a) The State Treasurer shall retain all funds received under this Act, including the proceeds from the sale...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 19
  Any person claiming an interest in any property delivered to the State under this Act may file a claim thereto or to the proceeds...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 20
  Determination of claims. (a) The State Treasurer shall consider any claim filed under this Act and may, in his discretion, hold a hearing and receive...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 21
  A final administrative decision of the State Treasurer in respect to a claim filed hereunder shall be subject to judicial review pursuant to the...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 22
  The State Treasurer, after receiving reports of property deemed abandoned pursuant to this Act, may decline to receive any property reported which he deems...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 23
  (a) If the State Treasurer has reason to believe that any person has failed to report property in accordance with this Act, he may...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 23.5
  Notice of deficiency; time; effect. (a) The State Treasurer shall issue a Notice of Deficiency to a holder or direct the commencement of an...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 24
  Enforcement of delivery. If any person refuses to deliver property to the State Treasurer as required under this Act, the State Treasurer may bring...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 24.5
  Contingency fees. The State may not enter into a contract with a person to conduct an examination of a holder located within the State...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 25
  (a) Any person who fails to render any report or perform other duties required under this Act, is guilty of a business offense and...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 25.5
  Administrative charges, fees, and interest charges. (a) The State Treasurer may charge a holder that files an unclaimed property report after the due date,...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 26
  The State Treasurer, Director of Financial Institutions, and the Commissioner of Banks and Real Estate are hereby authorized to make necessary rules and regulations...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 27
  This Act shall not apply to any property, other than property covered by Sections 6 and 8 of this Act, as to which the...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 28
  If any provision of this Act or the application thereof to any person or circumstances is held invalid, the invalidity shall not affect other...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 29
  This Act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it. (Source:...
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 29.5
  The provisions of this Act do not apply to property and proceedings under the Labor and Storage Lien (Small Amount) Act. (Source: P.A. 88-435.)
• Illinois Uniform Disposition of Unclaimed Property Act. - 765 ILCS 1025, Section 30
  This Act may be cited as the Uniform Disposition of Unclaimed Property Act. (Source: Laws 1961, p. 3426.)

Last modified: February 18, 2015