TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER
PART 760 UNIFORM DISPOSITION OF UNCLAIMED PROPERTY ACT
SECTION 760.92 REMITTANCE OF SECURITIES AND COMMODITIES


 

Section 760.92  Remittance of Securities and Commodities

 

a)         Unless otherwise provided, all securities and commodities when remitted to the State Treasurer shall:

 

1)         be registered as "Treasurer of the State of Illinois"; or

 

2)         be deposited into a new or existing securities or commodities account in the name of "Treasurer of the State of Illinois"; and

 

3)         include all dividends, interest, warrants, or other rights, or associated cash in a check payable to "Treasurer of the State of Illinois".

 

b)         The Treasurer may, when remittance cannot be made as provided in subsection (a) above, provide written instructions to the holder for remittance of the particular security or commodity.

 

(Source:  Added at 17 Ill. Reg. 123, effective December 21, 1992)