093_HB1959eng

 
HB1959 Engrossed                     LRB093 09090 LCB 09322 b

 1        AN ACT in relation to property.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section 2.  The Uniform Disposition of Unclaimed Property
 5    Act is amended by changing Section 8 as follows:

 6        (765 ILCS 1025/8) (from Ch. 141, par. 108)
 7        Sec.  8.  Property  held by court or other public officer
 8    or entity.  All funds and intangible personal  property  held
 9    for  the  owner  by  any  court,  public authority, or public
10    officer of this State, or a  political  subdivision  thereof,
11    that  has  remained  unclaimed  by  the owner for more than 7
12    years is presumed abandoned. This Section does not  apply  to
13    deposits  made  to  municipalities  as  a  condition  for the
14    issuance of a building permit.
15    (Source: P.A. 90-167, eff. 7-23-97.)