91st General Assembly
Summary of SB1191
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Senate Sponsors:
SULLIVAN.

House Sponsors:
TENHOUSE

Short description: 
UNCLAIMED PROPRTY TO TREASURER                                             

Synopsis of Bill as introduced:
        Amends the State Treasurer Act and  the  Uniform  Disposition  of      
   Unclaimed  Property  Act to transfer the administration of the Uniform      
   Disposition of Unclaimed Property Act from the Department of Financial      
   Institutions  to  the   State   Treasurer.    Amends   the   Financial      
   Institutions Code, the Illinois Banking Act, the Illinois Credit Union      
   Act,  the  Currency  Exchange  Act,  the  Corporate Fiduciary Act, the      
   Illinois Insurance  Code,  the  Probate  Act  of  1975,  the  Business      
   Corporation  Act  of  1983, and the General Not For Profit Corporation      
   Act of 1986 to make corresponding changes.  Effective  July  1,  1999,      
   but  the  provisions  authorizing  the  transfer  on July 1, 1999 take      
   effect immediately.                                                         
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          15 ILCS 505/0.02 new                                                 
          15 ILCS 505/0.03 new                                                 
          15 ILCS 505/0.04 new                                                 
          15 ILCS 505/0.05 new                                                 
          15 ILCS 505/0.06 new                                                 
          20 ILCS 1205/7            from Ch. 17, par. 108                      
          20 ILCS 1205/18.1 new                                                
          205 ILCS 5/65             from Ch. 17, par. 377                      
          205 ILCS 305/62           from Ch. 17, par. 4463                     
          205 ILCS 405/19.3         from Ch. 17, par. 4838                     
          205 ILCS 620/6-14         from Ch. 17, par. 1556-14                  
          215 ILCS 5/210            from Ch. 73, par. 822                      
          755 ILCS 5/2-1            from Ch. 110 1/2, par. 2-1                 
          755 ILCS 5/2-2            from Ch. 110 1/2, par. 2-2                 
          765 ILCS 1025/0.05 new                                               
          765 ILCS 1025/1           from Ch. 141, par. 101                     
          765 ILCS 1025/2           from Ch. 141, par. 102                     
          765 ILCS 1025/10.5                                                   
          765 ILCS 1025/11          from Ch. 141, par. 111                     
          765 ILCS 1025/11.5                                                   
          765 ILCS 1025/12          from Ch. 141, par. 112                     
          765 ILCS 1025/13          from Ch. 141, par. 113                     
          765 ILCS 1025/14          from Ch. 141, par. 114                     
          765 ILCS 1025/15          from Ch. 141, par. 115                     
          765 ILCS 1025/16          from Ch. 141, par. 116                     
          765 ILCS 1025/17          from Ch. 141, par. 117                     
          765 ILCS 1025/18          from Ch. 141, par. 118                     
          765 ILCS 1025/19          from Ch. 141, par. 119                     
          765 ILCS 1025/20          from Ch. 141, par. 120                     
          765 ILCS 1025/21          from Ch. 141, par. 121                     
          765 ILCS 1025/22          from Ch. 141, par. 122                     
          765 ILCS 1025/23          from Ch. 141, par. 123                     
          765 ILCS 1025/23.5                                                   
          765 ILCS 1025/24          from Ch. 141, par. 124                     
          765 ILCS 1025/24.5                                                   
          765 ILCS 1025/25          from Ch. 141, par. 125                     
          765 ILCS 1025/25.5                                                   
          765 ILCS 1025/26          from Ch. 141, par. 126                     
          805 ILCS 5/12.70          from Ch. 32, par. 12.70                    
          805 ILCS 105/112.70       from Ch. 32, par. 112.70                   
          Adds reference to:                                                   
          765 ILCS 1025/10.6 new                                               
        Deletes everything.   Amends the Uniform Disposition of Unclaimed      
   Property Act.  Provides that the Act applies to a gift certificate  or      
   gift  card  only  if  the  gift  certificate  or gift card contains an      
   expiration date or expiration period and specified exceptions  do  not      
   apply.  Effective immediately.                                              
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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 Full Text  Bill Status