(765 ILCS 1025/12)
(from Ch. 141, par. 112)
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 in an
English language newspaper of general circulation in the county in this State
in which is located the last known address of any person to be named in the
notice on or before November 1 of the same year. For property reportable
by November 1, as identified by Section 11, the State Treasurer shall cause
notice to be published once in an English language newspaper of general
circulation in the county in this State in which is located the last known
address of any person named in the notice on or before May 1 of the next
year. If no address
is listed or if the address is outside this State, the
notice shall be published in the county in which the holder of the abandoned
property has his principal place of business within this State. However, if an
out-of-state address is in a state that is not a party to a reciprocal
agreement with this State concerning abandoned property, the notice may be
published in the Illinois Register. The names of owners that are identified and contacted directly by the State Treasurer do not have to be published as described in this Section.
(b) The published notice shall be entitled "Notice of Names of Persons
Appearing to be Owners of Abandoned Property", and shall contain:
(1) The names in alphabetical order and last known
addresses, if any, of persons listed in the report and entitled to notice within the county as hereinbefore specified.
(2) A statement that information concerning the
amount or description of the property and the name and address of the holder may be obtained by any persons possessing an interest in the property by addressing an inquiry to the State Treasurer.
(3) A statement that the abandoned property has been
placed in the custody of the State Treasurer to whom all further claims must thereafter be directed.
(c) The State Treasurer is not required to publish in such notice any item
of less than $100 or any item for which the address of the last known owner is
in a state that has a reciprocal agreement with this State concerning
abandoned property unless he deems such publication to be in the public
(Source: P.A. 93-531, eff. 8-14-03; 94-686, eff. 11-2-05.)