Chapter 765, PROPERTY

(765 ILCS 1026/15-701) Sec. 15-701. Public sale of property. (a) Subject to Section 15-702, not earlier than 3 years after receipt of property presumed abandoned, the administrator may sell the property. (b) Before selling property under subsection (a), the administrator shall gi…

(765 ILCS 1026/15-702) Sec. 15-702. Disposal of securities. (a) The administrator may not sell or otherwise liquidate a security until 3 years after the administrator receives the security and gives the apparent owner notice under Section 15-503 that the administrator holds the s…

(765 ILCS 1026/15-703) Sec. 15-703. Recovery of securities or value by owner. (a) If the administrator sells a security before the expiration of 3 years after delivery of the security to the administrator, an apparent owner that files a valid claim under this Act of ownership of …

(765 ILCS 1026/15-704) Sec. 15-704. Purchaser owns property after sale. A purchaser of property at a sale conducted by the administrator under this Act takes the property free of all claims of the owner, a previous holder, or a person claiming through the owner or holder. The adm…

(765 ILCS 1026/15-705) Sec. 15-705. Exceptions to the sale of tangible property. The administrator shall dispose of tangible property identified by this Section in accordance with this Section. (a) Military medals or decorations. The administrator may not sell a medal or decorati…

(765 ILCS 1026/15-801) Sec. 15-801. Deposit of funds by administrator. (a) Except as otherwise provided in this Section, the administrator shall deposit in the Unclaimed Property Trust Fund all funds received under this Act, including proceeds from the sale of property under Arti…

(765 ILCS 1026/15-802) Sec. 15-802. Administrator to retain records of property. The administrator shall: (1) record and retain the name and last-known address of each person shown on a report filed under Section 15-401 to be the apparent owner of property delivered to the admini…

(765 ILCS 1026/15-803) Sec. 15-803. Expenses and service charges of administrator. Before making a deposit of funds received under this Act to the Unclaimed Property Trust Fund, the administrator may deduct expenses incurred in examining records of or collecting property from a p…

(765 ILCS 1026/15-804) Sec. 15-804. Administrator holds property as custodian for owner. Upon the payment or delivery of abandoned property to the administrator, the State shall assume custody and shall be responsible for the safekeeping thereof in perpetuity unless otherwise cla…

(765 ILCS 1026/15-805) Sec. 15-805. Escheat of certain abandoned local government moneys. Property presumed abandoned where the administrator reasonably believes the owner is a unit of local government in this State shall escheat to the State and shall be deposited into the Gener…

(765 ILCS 1026/15-806) Sec. 15-806. Escheat of certain abandoned State agency moneys. Property presumed abandoned where the administrator reasonably believes the owner is a State agency as defined in the Illinois State Auditing Act, shall escheat to the State and shall be deposit…

(765 ILCS 1026/15-901) Sec. 15-901. Claim of another state to recover property. (a) If the administrator knows that property held by the administrator under this Act is subject to a superior claim of another state, the administrator shall: (1) report and pay or deliver the proper…

(765 ILCS 1026/15-902) Sec. 15-902. Property subject to recovery by another state. (a) Property held under this Act by the administrator is subject to the right of another state to take custody of the property if: (1) the property was paid or delivered to the administrator becaus…

(765 ILCS 1026/15-903) Sec. 15-903. Claim for property by person claiming to be owner. (a) A person claiming to be the owner of property held under this Act by the administrator or to the proceeds from the sale thereof may file a claim for the property on a form prescribed by the…

(765 ILCS 1026/15-904) Sec. 15-904. When administrator must honor claim for property. (a) The administrator shall pay or deliver property to a claimant under subsection (a) of Section 15-903 if the administrator receives evidence sufficient to establish to the satisfaction of the…

(765 ILCS 1026/15-905) Sec. 15-905. Allowance of claim for property. (a) The administrator shall pay or deliver to the owner the property or pay to the owner the net proceeds of a sale of the property, together with income or gain to which the owner is entitled under Section 15-6…

(765 ILCS 1026/15-906) Sec. 15-906. Action by person whose claim is denied. Not later than one year after filing a claim under subsection (a) of Section 15-903, the claimant may commence a contested case pursuant to the Illinois Administrative Procedure Act to establish a claim b…

(765 ILCS 170/10-100) Sec. 10-100. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-105) Sec. 10-105. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-110) Sec. 10-110. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-115) Sec. 10-115. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-120) Sec. 10-120. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-15) Sec. 10-15. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-20) Sec. 10-20. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-25) Sec. 10-25. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-30) Sec. 10-30. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-35) Sec. 10-35. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-40) Sec. 10-40. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-45) Sec. 10-45. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-50) Sec. 10-50. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-55) Sec. 10-55. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-60) Sec. 10-60. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-65) Sec. 10-65. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-70) Sec. 10-70. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-75) Sec. 10-75. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-80) Sec. 10-80. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-85) Sec. 10-85. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-90) Sec. 10-90. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 170/10-95) Sec. 10-95. (Amendatory provisions; text omitted). (Source: P.A. 98-749, eff. 7-16-14; text omitted.)

(765 ILCS 1026/15-1001) Sec. 15-1001. Verified report of property. If a person does not file a report required by Section 15-401 or the administrator believes that a person may have filed an inaccurate, incomplete, or false report, the administrator may require the person to file…

(765 ILCS 1026/15-1002) Sec. 15-1002. Examination of records to determine compliance. The administrator, at reasonable times and on reasonable notice, may: (1) examine the records of any person to determine whether the person has complied with this Act even if the person believes…

(765 ILCS 1026/15-1002.1) Sec. 15-1002.1. Examination of State-regulated financial organizations. (a) Notwithstanding Section 15-1002 of this Act, for any financial organization for which the Department of Financial and Professional Regulation is the primary prudential regulator,…

(765 ILCS 1026/15-1002.2) Sec. 15-1002.2. Additional authority for the Secretary of Financial and Professional Regulation. (a) Notwithstanding any law to the contrary, the Secretary of Financial and Professional Regulation may order any regulated person to immediately report and …

(765 ILCS 1026/15-1003) Sec. 15-1003. Rules for conducting examination. (a) The administrator shall adopt rules governing procedures and standards for an examination under Section 15-1002; the rules may reference any standards concerning unclaimed property examinations promulgate…

(765 ILCS 1026/15-1004) Sec. 15-1004. Records obtained in examination. Records obtained and records, including work papers, compiled by the administrator or administrator's agent in the course of conducting an examination under Section 15-1002 or Section 15-1002.1: (1) are subjec…

(765 ILCS 1026/15-1005) Sec. 15-1005. Evidence of unpaid debt or undischarged obligation. (a) A record of a putative holder showing an unpaid debt or undischarged obligation is prima facie evidence of the debt or obligation. (b) A putative holder may establish by a preponderance …

(765 ILCS 1026/15-1006) Sec. 15-1006. Failure of person examined to retain records. If a person subject to examination under Section 15-1002 does not retain the records required by Section 15-404, the administrator may determine the value of property due using a reasonable method…

(765 ILCS 1026/15-1007) Sec. 15-1007. Report to person whose records were examined. At the conclusion of an examination under Section 15-1002, unless waived in writing by the person being examined, the administrator shall provide to the person whose records were examined a report…

(765 ILCS 1026/15-1008) Sec. 15-1008. Informal conference during examination. (a) If a person subject to examination under Section 15-1002 believes the person conducting the examination has made an unreasonable or unauthorized request or is not proceeding expeditiously to complet…

(765 ILCS 1026/15-1009) Sec. 15-1009. Administrator's contract with another to conduct examination. (a) The administrator may contract with a person to conduct an examination under this Article. The contract shall be awarded pursuant to a request for proposals issued in complianc…