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Illinois Compiled Statutes

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

PROPERTY
(765 ILCS 1026/) Revised Uniform Unclaimed Property Act.

765 ILCS 1026/15-102

    (765 ILCS 1026/15-102)
    Sec. 15-102. Definitions. In this Act:
        (1) "Administrator" means the State Treasurer.
        (2) "Administrator's agent" means a person with which
    
the administrator contracts to conduct an examination under Article 10 on behalf of the administrator. The term includes an independent contractor of the person and each individual participating in the examination on behalf of the person or contractor.
        (2.5) (Blank).
        (3) "Apparent owner" means a person whose name
    
appears on the records of a holder as the owner of property held, issued, or owing by the holder.
        (4) "Business association" means a corporation, joint
    
stock company, investment company, unincorporated association, joint venture, limited liability company, business trust, trust company, land bank, safe deposit company, safekeeping depository, financial organization, insurance company, federally chartered entity, utility, sole proprietorship, or other business entity, whether or not for profit.
        (5) "Confidential information" means information that
    
is "personal information" under the Personal Information Protection Act, "private information" under the Freedom of Information Act or personal information contained within public records, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy, unless the disclosure is consented to in writing by the individual subjects of the information as provided in the Freedom of Information Act.
        (6) "Domicile" means:
            (A) for a corporation, the state of its
        
incorporation;
            (B) for a business association whose formation
        
requires a filing with a state, other than a corporation, the state of its filing;
            (C) for a federally chartered entity or an
        
investment company registered under the Investment Company Act of 1940, the state of its home office; and
            (D) for any other holder, the state of its
        
principal place of business.
        (7) "Electronic" means relating to technology having
    
electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.
        (8) "Electronic mail" means a communication by
    
electronic means which is automatically retained and stored and may be readily accessed or retrieved.
        (8.5) "Escheat fee" means any charge imposed solely
    
by virtue of property being reported as presumed abandoned.
        (9) "Financial organization" means a bank, savings
    
bank, foreign bank, corporate fiduciary, currency exchange, money transmitter, or credit union.
        (10) "Game-related digital content" means digital
    
content that exists only in an electronic game or electronic-game platform. The term:
            (A) includes:
                (i) game-play currency such as a virtual
            
wallet, even if denominated in United States currency; and
                (ii) the following if for use or redemption
            
only within the game or platform or another electronic game or electronic-game platform:
                    (I) points sometimes referred to as gems,
                
tokens, gold, and similar names; and
                    (II) digital codes; and
            (B) does not include an item that the issuer:
                (i) permits to be redeemed for use outside a
            
game or platform for:
                    (I) money; or
                    (II) goods or services that have more
                
than minimal value; or
                (ii) otherwise monetizes for use outside a
            
game or platform.
        (11) "Gift card" means a record evidencing a promise
    
made for consideration by the seller or issuer of the record that goods, services, or money will be provided to the owner of the record to the value or amount shown in the record that is either:
            (A) a record:
                (i) issued on a prepaid basis primarily
            
for personal, family, or household purposes to a consumer in a specified amount;
                (ii) the value of which does not expire;
                (iii) that is not subject to a dormancy,
            
inactivity, or post-sale service fee;
                (iv) that is redeemable upon presentation
            
for goods or services; and
                (v) that, unless required by law, may not
            
be redeemed for or converted into money or otherwise monetized by the issuer; or
            (B) a prepaid commercial mobile radio service, as
        
defined in 47 CFR 20.3, as amended.
        (12) "Holder" means a person obligated to hold for
    
the account of, or to deliver or pay to, the owner, property subject to this Act.
        (13) "Insurance company" means an association,
    
corporation, or fraternal or mutual-benefit organization, whether or not for profit, engaged in the business of providing life endowments, annuities, or insurance, including accident, burial, casualty, credit-life, contract-performance, dental, disability, fidelity, fire, health, hospitalization, illness, life, malpractice, marine, mortgage, surety, wage-protection, and worker-compensation insurance.
        (14) "Loyalty card" means a record given without
    
direct monetary consideration under an award, reward, benefit, loyalty, incentive, rebate, or promotional program which may be used or redeemed only to obtain goods or services or a discount on goods or services. The term does not include a record that may be redeemed for money or otherwise monetized by the issuer.
        (15) "Mineral" means gas, oil, coal, oil shale, other
    
gaseous liquid or solid hydrocarbon, cement material, sand and gravel, road material, building stone, chemical raw material, gemstone, fissionable and nonfissionable ores, colloidal and other clay, steam and other geothermal resources, and any other substance defined as a mineral by law of this State other than this Act.
        (16) "Mineral proceeds" means an amount payable for
    
extraction, production, or sale of minerals, or, on the abandonment of the amount, an amount that becomes payable after abandonment. The term includes an amount payable:
            (A) for the acquisition and retention of a
        
mineral lease, including a bonus, royalty, compensatory royalty, shut-in royalty, minimum royalty, and delay rental;
            (B) for the extraction, production, or sale of
        
minerals, including a net revenue interest, royalty, overriding royalty, extraction payment, and production payment; and
            (C) under an agreement or option, including a
        
joint-operating agreement, unit agreement, pooling agreement, and farm-out agreement.
        (17) "Money order" means a payment order for a
    
specified amount of money. The term includes an express money order and a personal money order on which the remitter is the purchaser.
        (18) "Municipal bond" means a bond or evidence of
    
indebtedness issued by a municipality or other political subdivision of a state.
        (19) "Net card value" means the original purchase
    
price or original issued value of a stored-value card, plus amounts added to the original price or value, minus amounts used and any service charge, fee, or dormancy charge permitted by law.
        (20) "Non-freely transferable security" means a
    
security that cannot be delivered to the administrator by the Depository Trust Clearing Corporation or similar custodian of securities providing post-trade clearing and settlement services to financial markets or cannot be delivered because there is no agent to effect transfer. The term includes a worthless security.
        (21) "Owner", unless the context otherwise requires,
    
means a person that has a legal, beneficial, or equitable interest in property subject to this Act or the person's legal representative when acting on behalf of the owner. The term includes:
            (A) a depositor, for a deposit;
            (B) a beneficiary, for a trust other than a
        
deposit in trust;
            (C) a creditor, claimant, or payee, for other
        
property; and
            (D) the lawful bearer of a record that may be
        
used to obtain money, a reward, or a thing of value.
        (22) "Payroll card" means a record that evidences a
    
payroll-card account as defined in Regulation E, 12 CFR Part 1005, as amended.
        (23) "Person" means an individual, estate, business
    
association, public corporation, government or governmental subdivision, agency, or instrumentality, or other legal entity, whether or not for profit.
        (24) "Property" means tangible property described in
    
Section 15-201 or a fixed and certain interest in intangible property held, issued, or owed in the course of a holder's business or by a government, governmental subdivision, agency, or instrumentality. The term:
            (A) includes all income from or increments to the
        
property;
            (B) includes property referred to as or evidenced
        
by:
                (i) money, virtual currency, interest, or a
            
dividend, check, draft, deposit, or payroll card;
                (ii) a credit balance, customer's
            
overpayment, stored-value card, security deposit, refund, credit memorandum, unpaid wage, unused ticket for which the issuer has an obligation to provide a refund, mineral proceeds, or unidentified remittance;
                (iii) a security except for:
                    (I) a worthless security; or
                    (II) a security that is subject to a
                
lien, legal hold, or restriction evidenced on the records of the holder or imposed by operation of law, if the lien, legal hold, or restriction restricts the holder's or owner's ability to receive, transfer, sell, or otherwise negotiate the security;
                (iv) a bond, debenture, note, or other
            
evidence of indebtedness;
                (v) money deposited to redeem a security,
            
make a distribution, or pay a dividend;
                (vi) an amount due and payable under an
            
annuity contract or insurance policy;
                (vii) an amount distributable from a trust or
            
custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit-sharing, employee-savings, supplemental-unemployment insurance, or a similar benefit; and
                (viii) any instrument on which a financial
            
organization or business association is directly liable; and
            (C) does not include:
                (i) game-related digital content;
                (ii) a loyalty card;
                (iii) a gift card; or
                (iv) funds on deposit or held in trust
            
pursuant to Section 16 of the Illinois Pre-Need Cemetery Sales Act.
        (25) "Putative holder" means a person believed by the
    
administrator to be a holder, until the person pays or delivers to the administrator property subject to this Act or the administrator or a court makes a final determination that the person is or is not a holder.
        (26) "Record" means information that is inscribed on
    
a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. The phrase "records of the holder" includes records maintained by a third party that has contracted with the holder.
        (27) "Security" means:
            (A) a security as defined in Article 8 of the
        
Uniform Commercial Code;
            (B) a security entitlement as defined in Article
        
8 of the Uniform Commercial Code, including a customer security account held by a registered broker-dealer, to the extent the financial assets held in the security account are not:
                (i) registered on the books of the issuer in
            
the name of the person for which the broker-dealer holds the assets;
                (ii) payable to the order of the person; or
                (iii) specifically indorsed to the person; or
            (C) an equity interest in a business association
        
not included in subparagraph (A) or (B).
        (28) "Sign" means, with present intent to
    
authenticate or adopt a record:
            (A) to execute or adopt a tangible symbol; or
            (B) to attach to or logically associate with the
        
record an electronic symbol, sound, or process.
        (29) "State" means a state of the United States, the
    
District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States.
        (30) "Stored-value card" means a card, code, or other
    
device that is:
            (A) issued on a prepaid basis primarily for
        
personal, family, or household purposes to a consumer in a specified amount, whether or not that amount may be increased or reloaded in exchange for payment; and
            (B) redeemable upon presentation at multiple
        
unaffiliated merchants for goods or services or usable at automated teller machines; and
        "Stored-value card" does not include a gift card,
    
payroll card, loyalty card, or game-related digital content.
        (31) "Utility" means a person that owns or operates
    
for public use a plant, equipment, real property, franchise, or license for the following public services:
            (A) transmission of communications or information;
            (B) production, storage, transmission, sale,
        
delivery, or furnishing of electricity, water, steam, or gas; or
            (C) provision of sewage or septic services, or
        
trash, garbage, or recycling disposal.
        (32) "Virtual currency" means any type of digital
    
unit, including cryptocurrency, used as a medium of exchange, unit of account, or a form of digitally stored value, which does not have legal tender status recognized by the United States. The term does not include:
            (A) the software or protocols governing the
        
transfer of the digital representation of value;
            (B) game-related digital content; or
            (C) a loyalty card or gift card.
        (33) "Worthless security" means a security whose cost
    
of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this Act.
(Source: P.A. 101-552, eff. 1-1-20; 102-288, eff. 8-6-21.)

765 ILCS 1026/15-103

    (765 ILCS 1026/15-103)
    Sec. 15-103. Inapplicability to foreign transaction. This Act does not apply to property held, due, and owing in a foreign country if the transaction out of which the property arose was a foreign transaction.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-104

    (765 ILCS 1026/15-104)
    Sec. 15-104. Rulemaking. The administrator may adopt rules to implement and administer this Act pursuant to the Illinois Administrative Procedure Act.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/Art. 2

 
    (765 ILCS 1026/Art. 2 heading)
ARTICLE 2. PRESUMPTION OF ABANDONMENT
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-201

    (765 ILCS 1026/15-201)
    Sec. 15-201. When property presumed abandoned. Subject to Section 15-210, the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified below:
        (1) a traveler's check, 15 years after issuance;
        (2) a money order, 5 years after issuance;
        (3) any instrument on which a financial organization
    
or business association is directly liable, other than a money order, 3 years after issuance;
        (4) a corporate bond, bearer bond, or
    
original-issue-discount bond, 3 years after the earliest of the date the bond matures or is called or the obligation to pay the principal of the bond arises;
        (5) a debt of a business association, 3 years after
    
the obligation to pay arises;
        (6) financial organization deposits as follows:
            (i) a demand deposit, 3 years after the date of
        
the last indication of interest in the property by the apparent owner;
            (ii) a savings deposit, 3 years after the date of
        
last indication of interest in the property by the apparent owner;
            (iii) a time deposit for which the owner has not
        
consented to automatic renewal of the time deposit, 3 years after the later of maturity or the date of the last indication of interest in the property by the apparent owner;
            (iv) an automatically renewable time deposit for
        
which the owner consented to the automatic renewal in a record on file with the holder, 3 years after the date of last indication of interest in the property by the apparent owner, following the completion of the initial term of the time deposit and one automatic renewal term of the time deposit;
        (6.5) virtual currency, 5 years after the last
    
indication of interest in the property;
        (7) money or a credit owed to a customer as a result
    
of a retail business transaction, other than in-store credit for returned merchandise, 3 years after the obligation arose;
        (8) an amount owed by an insurance company on a life
    
or endowment insurance policy or an annuity contract that has matured or terminated, 3 years after the obligation to pay arose under the terms of the policy or contract or, if a policy or contract for which an amount is owed on proof of death has not matured by proof of the death of the insured or annuitant, as follows:
            (A) with respect to an amount owed on a life or
        
endowment insurance policy, the earlier of:
                (i) 3 years after the death of the insured; or
                (ii) 2 years after the insured has attained,
            
or would have attained if living, the limiting age under the mortality table on which the reserve for the policy is based; and
            (B) with respect to an amount owed on an annuity
        
contract, 3 years after the death of the annuitant.
        (9) funds on deposit or held in trust pursuant to the
    
Illinois Funeral or Burial Funds Act, the earliest of:
            (A) 2 years after the date of death of the
        
beneficiary;
            (B) one year after the date the beneficiary has
        
attained, or would have attained if living, the age of 105 where the holder does not know whether the beneficiary is deceased;
            (C) 40 years after the contract for prepayment
        
was executed, unless the apparent owner has indicated an interest in the property more than 40 years after the contract for prepayment was executed, in which case, 3 years after the last indication of interest in the property by the apparent owner;
        (10) property distributable by a business association
    
in the course of bankruptcy or dissolution or distributions from the termination of a retirement plan, one year after the property becomes distributable;
        (11) property held by a court, including property
    
received as proceeds of a class action, 3 years after the property becomes distributable;
        (12) property held by a government or governmental
    
subdivision, agency, or instrumentality, including municipal bond interest and unredeemed principal under the administration of a paying agent or indenture trustee, 3 years after the property becomes distributable;
        (12.5) amounts payable pursuant to Section 20-175 of
    
the Property Tax Code, 3 years after the property becomes payable;
        (13) wages, commissions, bonuses, or reimbursements
    
to which an employee is entitled, or other compensation for personal services, including amounts held on a payroll card, one year after the amount becomes payable;
        (14) a deposit or refund owed to a subscriber by a
    
utility, one year after the deposit or refund becomes payable, except that any capital credits or patronage capital retired, returned, refunded or tendered to a member of an electric cooperative, as defined in Section 3.4 of the Electric Supplier Act, or a telephone or telecommunications cooperative, as defined in Section 13-212 of the Public Utilities Act, that has remained unclaimed by the person appearing on the records of the entitled cooperative for more than 2 years, shall not be subject to, or governed by, any other provisions of this Act, but rather shall be used by the cooperative for the benefit of the general membership of the cooperative; and
        (15) property not specified in this Section or
    
Sections 15-202 through 15-208, the earlier of 3 years after the owner first has a right to demand the property or the obligation to pay or distribute the property arises.
    Notwithstanding anything to the contrary in this Section 15-201, and subject to Section 15-210, a deceased owner cannot indicate interest in his or her property. If the owner is deceased and the abandonment period for the owner's property specified in this Section 15-201 is greater than 2 years, then the property, other than an amount owed by an insurance company on a life or endowment insurance policy or an annuity contract that has matured or terminated, shall instead be presumed abandoned 2 years from the date of the owner's last indication of interest in the property.
(Source: P.A. 102-288, eff. 8-6-21; 103-148, eff. 6-30-23; 103-977, eff. 1-1-25.)

765 ILCS 1026/15-202

    (765 ILCS 1026/15-202)
    Sec. 15-202. When tax-deferred and tax-exempt retirement accounts presumed abandoned.
    (a) Subject to Section 15-210, property held in a pension account or retirement account that qualifies for tax deferral or tax exemption under the income-tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner after the later of:
        (1) 3 years after the following dates:
            (A) except as in subparagraph (B), the date a
        
communication sent by the holder by first-class United States mail to the apparent owner is returned to the holder undelivered by the United States Postal Service; or
            (B) if such communication is re-sent within 30
        
days after the date the first communication is returned undelivered, the date the second communication was returned undelivered by the United States Postal Service; or
        (2) the earlier of the following dates:
            (A) 3 years after the date the apparent owner
        
becomes 73 years of age, if determinable by the holder; or
            (B) one year after the date of mandatory
        
distribution following death if the Internal Revenue Code requires distribution to avoid a tax penalty and the holder:
                (i) receives confirmation of the death of the
            
apparent owner in the ordinary course of its business; or
                (ii) confirms the death of the apparent owner
            
under subsection (b).
    (b) If a holder in the ordinary course of its business receives notice or an indication of the death of an apparent owner and subsection (a)(2) applies, the holder shall attempt not later than 90 days after receipt of the notice or indication to confirm whether the apparent owner is deceased.
    (c) If the holder does not send communications to the apparent owner of an account described in subsection (a) by first-class United States mail on at least an annual basis, the holder shall attempt to confirm the apparent owner's interest in the property by sending the apparent owner an electronic-mail communication not later than 2 years after the apparent owner's last indication of interest in the property. However, the holder promptly shall attempt to contact the apparent owner by first-class United States mail if:
        (1) the holder does not have information needed to
    
send the apparent owner an electronic mail communication or the holder believes that the apparent owner's electronic mail address in the holder's records is not valid;
        (2) the holder receives notification that the
    
electronic-mail communication was not received; or
        (3) the apparent owner does not respond to the
    
electronic-mail communication within 30 days after the communication was sent.
    (d) If first-class United States mail sent under subsection (c) is returned to the holder undelivered by the United States Postal Service, the property is presumed abandoned 3 years after the later of:
        (1) except as in paragraph (2), the date a
    
communication to contact the apparent owner sent by first-class United States mail is returned to the holder undelivered;
        (2) if such communication is re-sent within 30 days
    
after the date the first communication is returned undelivered, the date the second communication was returned undelivered; or
        (3) the date established by subsection (a)(2).
(Source: P.A. 102-288, eff. 8-6-21; 103-148, eff. 6-30-23.)

765 ILCS 1026/15-203

    (765 ILCS 1026/15-203)
    Sec. 15-203. When other tax-deferred account presumed abandoned.
    (a) Subject to Section 15-210 and except for property described in Section 15-202, property held in an account or plan, including a health savings account, that qualifies for tax deferral under the income-tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner 3 years after the earlier of:
        (1) the date, if determinable by the holder,
    
specified in the income-tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made; or
        (2) 30 years after the date the account was opened.
    (b) If the owner is deceased, then property subject to this Section is presumed abandoned 2 years from the earliest of:
        (1) the date of the distribution or attempted
    
distribution of the property;
        (2) the date of the required distribution as stated
    
in the plan or trust agreement governing the plan; or
        (3) the date, if determinable by the holder,
    
specified in the income tax laws of the United States by which distribution of the property must begin in order to avoid a tax penalty.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-204

    (765 ILCS 1026/15-204)
    Sec. 15-204. When custodial account for minor presumed abandoned.
    (a) Subject to Section 15-210, property held in an account established under a state's Uniform Gifts to Minors Act or Uniform Transfers to Minors Act is presumed abandoned if it is unclaimed by or on behalf of the minor on whose behalf the account was opened 3 years after the later of:
        (1) except as in subparagraph (2), the date a
    
communication sent by the holder by first-class United States mail to the custodian of the minor on whose behalf the account was opened is returned undelivered to the holder by the United States Postal Service;
        (2) if a communication is re-sent within 30 days
    
after the date the first communication is returned undelivered, the date the second communication was returned undelivered; or
        (3) the date on which the custodian is required to
    
transfer the property to the minor or the minor's estate in accordance with the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act of the state in which the account was opened.
    (b) If the holder does not send communications to the custodian of the minor on whose behalf an account described in subsection (a) was opened by first-class United States mail on at least an annual basis, the holder shall attempt to confirm the custodian's interest in the property by sending the custodian an electronic-mail communication not later than 2 years after the custodian's last indication of interest in the property. However, the holder promptly shall attempt to contact the custodian by first-class United States mail if:
        (1) the holder does not have information needed to
    
send the custodian an electronic mail communication or the holder believes that the custodian's electronic-mail address in the holder's records is not valid;
        (2) the holder receives notification that the
    
electronic-mail communication was not received; or
        (3) the custodian does not respond to the
    
electronic-mail communication within 30 days after the communication was sent.
    (c) If first-class United States mail sent under subsection (b) is returned undelivered to the holder by the United States Postal Service, the property is presumed abandoned 3 years after the later of:
        (1) the date a communication to contact the custodian
    
by first-class United States mail is returned to the holder undelivered by the United States Postal Service; or
        (2) the date established by subsection (a)(3).
    (d) Notwithstanding any other provision of this Act, money of a minor deposited pursuant to Section 24-21 of the Probate Act of 1975 shall not be presumed abandoned earlier than 3 years after the minor attains legal age. Such money shall be deposited into an account which shall indicate the date of birth of the minor.
    (e) (Blank).
    (f) When the property in the account described in subsections (a) or (d) is transferred to the minor on whose behalf an account was opened or to the minor's estate, the property in the account is no longer subject to this Section.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-205

    (765 ILCS 1026/15-205)
    Sec. 15-205. When contents of safe-deposit box presumed abandoned. Tangible property held in a safe-deposit box are presumed abandoned if the property remains unclaimed by the apparent owner 5 years after the expiration of the lease or rental period for the box.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-206

    (765 ILCS 1026/15-206)
    Sec. 15-206. When stored-value card presumed abandoned.
    (a) Subject to Section 15-210, the net card value of a stored-value card is presumed abandoned on the latest of 5 years after:
        (1) December 31 of the year in which the card is
    
issued or additional funds are deposited into it;
        (2) the most recent indication of interest in the
    
card by the apparent owner; or
        (3) a verification or review of the balance by or on
    
behalf of the apparent owner.
    (b) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.
    (c) However, if a holder has reported and remitted to the administrator the net card value on a stored-value card presumed abandoned under this Section and the stored-value card does not have an expiration date, then the holder must honor the card on presentation indefinitely and may then request reimbursement from the administrator under Section 605.
(Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18.)

765 ILCS 1026/15-208

    (765 ILCS 1026/15-208)
    Sec. 15-208. When security presumed abandoned.
    (a) Subject to Section 15-210, a security is presumed abandoned upon the earlier of the following:
        (1) 3 years after the date a communication sent by
    
the holder by first-class United States mail to the apparent owner is returned to the holder undelivered by the United States Postal Service; however, if such returned communication is re-sent within one month to the apparent owner, the 3-year period does not begin to run until the day the resent item is returned as undeliverable; or
        (2) 5 years after the date of the apparent owner's
    
last indication of interest in the security.
    (b) If the holder does not send communications to the apparent owner of a security by first-class United States mail on at least an annual basis, the holder shall attempt to confirm the apparent owner's interest in the security by sending the apparent owner an electronic-mail communication not later than 3 years after the apparent owner's last indication of interest in the security. However, the holder promptly shall attempt to contact the apparent owner by first-class United States mail if:
        (1) the holder does not have information needed to
    
send the apparent owner an electronic-mail communication or the holder believes that the apparent owner's electronic-mail address in the holder's records is not valid;
        (2) the holder receives notification that the
    
electronic-mail communication was not received; or
        (3) the apparent owner does not respond to the
    
electronic-mail communication within 30 days after the communication was sent.
    (c) If first-class United States mail sent under subsection (b) is returned to the holder undelivered by the United States Postal Service, the security is presumed abandoned in accordance with subsection (a)(2) above.
    (d) If a holder in the ordinary course of its business receives notice or an indication of the death of an apparent owner, the holder shall attempt not later than 90 days after receipt of the notice or indication to confirm whether the apparent owner is deceased. Notwithstanding the standards set forth in paragraphs (a), (b) and (c), if the holder either receives confirmation of the death of the apparent owner in the ordinary course of its business or confirms the death of the apparent owner under this subsection (d), then, the property shall be presumed abandoned 2 years after the date of death of the owner.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-209

    (765 ILCS 1026/15-209)
    Sec. 15-209. When related property presumed abandoned. At and after the time property is presumed abandoned under this Act, any other property right or interest accrued or accruing from the property and not previously presumed abandoned is also presumed abandoned.
(Source: P.A. 100-22, eff. 1-1-18.)

765 ILCS 1026/15-210

    (765 ILCS 1026/15-210)
    Sec. 15-210. Indication of apparent owner interest in property.
    (a) The period after which property is presumed abandoned is measured from the later of:
        (1) the date the property is presumed abandoned under
    
this Article; or
        (2) the latest indication of interest by the apparent
    
owner in the property.
    (b) Under this Act, an indication of an apparent owner's interest in property includes:
        (1) a record communicated by the apparent owner to
    
the holder or agent of the holder concerning the property or the account in which the property is held;
        (2) an oral communication by the apparent owner to
    
the holder or agent of the holder concerning the property or the account in which the property is held, if the holder or its agent contemporaneously makes and preserves a record of the fact of the apparent owner's communication;
        (3) presentment of a check or other instrument of
    
payment of a dividend, interest payment, or other distribution with respect to an account, underlying security, or interest in a business association;
        (4) activity directed by an apparent owner in the
    
account in which the property is held, including accessing the account or information concerning the account, or a direction by the apparent owner to increase, decrease, or otherwise change the amount or type of property held in the account;
        (5) a deposit into or withdrawal from an account at a
    
financial organization, except for a recurring Automated Clearing House (ACH) debit or credit previously authorized by the apparent owner or an automatic reinvestment of dividends or interest; and
        (6) subject to subsection (e), payment of a premium
    
on an insurance policy.
    (c) An action by an agent or other representative of an apparent owner, other than the holder acting as the apparent owner's agent, is presumed to be an action on behalf of the apparent owner.
    (d) A communication with an apparent owner by a person other than the holder or the holder's representative is not an indication of interest in the property by the apparent owner unless a record of the communication evidences the apparent owner's knowledge of a right to the property.
    (e) If the insured dies or the insured or beneficiary of an insurance policy otherwise becomes entitled to the proceeds before depletion of the cash surrender value of the policy by operation of an automatic-premium-loan provision or other nonforfeiture provision contained in the policy, the operation does not prevent the policy from maturing or terminating.
    (f) If the apparent owner has another property with the holder to which Section 201(6) applies, then activity directed by an apparent owner in any other accounts, including loan accounts, at a financial organization holding an inactive account of the apparent owner shall be an indication of interest in all such accounts if:
        (A) the apparent owner engages in one or more of
    
the following activities:
            (i) the apparent owner undertakes one or more
        
of the actions described in subsection (b) of this Section regarding any of the other accounts the apparent owner has with the financial organization;
            (ii) the apparent owner increases or decreases
        
the amount of funds in any other account the apparent owner has with the financial organization; or
            (iii) the apparent owner engages in any other
        
relationship with the financial organization, including payment of any amounts due on a loan; and
        (B) the foregoing apply so long as the mailing
    
address for the apparent owner in the financial organization's books and records is the same for both the inactive account and the active account.
    (g) For an amount held on a payroll card, an indication of owner interest includes wages from an employer pursuant to Section 14.5 of the Illinois Wage Payment and Collection Act in the form of a recurring ACH credit previously authorized by the apparent owner; however, an ACH credit is not an indication of owner interest if the holder assesses fees for account inactivity on the payroll card account.
(Source: P.A. 102-288, eff. 8-6-21; 102-734, eff. 1-1-23; 103-148, eff. 6-30-23.)