Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 1025/3a new

765 ILCS 1025/10.6

765 ILCS 1025/11

from Ch. 141, par. 111

Synopsis As Introduced
Amends the Uniform Disposition of Unclaimed Property Act. Provides that unclaimed property payable or distributable in the course of a demutualization of an insurance company is presumed abandoned 5 years after the earlier of the date of last contact with the policyholder or the date the property became payable or distributable. Provides for an exemption from the Act for gift certificates and gift cards that contain an expiration date or expiration period issued by a nonprofit organization as defined under Section 501(c)(3) of the Internal Revenue Code. Provides that a holder or any party with information about the owner is prohibited from charging a fee or service charge to an owner in order to prevent abandonment from being presumed. Effective immediately.

Actions 

Date	Chamber	Action
2/19/2003	Senate	Filed with Secretary by Sen. Dave Sullivan
2/19/2003	Senate	First Reading
2/19/2003	Senate	Referred to Rules
2/26/2003	Senate	Assigned to Executive
3/14/2003	Senate	Rule 3-9(a) / Re-referred to Rules
1/11/2005	Senate	Session Sine Die

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