Illinois House Bill 2603 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Creates the Revised Uniform Unclaimed Property Act. Adds language concerning: definitions; applicability; rulemaking; presumptively abandoned property; taking custody of property that is presumed abandoned; reporting requirements; notice to property owner; taking custody of property by the State Treasurer; sale of property; administration of property; claims to recover; liability; remedies; enforcement; agreements to locate property; confidentiality; uniformity of application and construction; relation to federal laws; transitional provisions; and severability. Repeals the Uniform Disposition of Unclaimed Property Act and makes corresponding changes in the following Acts: the Illinois Administrative Procedure Act; the Freedom of Information Act; the State Comptroller Act; the State Treasurer Act; the Financial Institutions Code; the State Finance Act; the State Officers and Employees Money Disposition Act; the Counties Code; the Illinois Banking Act; the Savings Bank Act; the Illinois Credit Union Act; the Currency Exchange Act; the Corporate Fiduciary Act; the Transmitters of Money Act; the Adverse Claims to Deposit Accounts Act; the Illinois Insurance Code; the Unclaimed Life Insurance Benefits Act; the Real Estate License Act of 2000; the Code of Criminal Procedure of 1963; the Probate Act of 1975; the Sale of Unclaimed Property Act; the Business Corporation Act of 1983; and the General Not For Profit Corporation Act of 1986. Effective January 1, 2018.

UNIFORM UNCLAIMED PROPERTY ACT

Rep. Michael Zalewski [D]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-02-22	House	Assigned to Executive Committee
2017-02-08	House	Referred to Rules Committee
2017-02-08	House	First Reading
2017-02-08	House	Filed with the Clerk by Rep. Michael J. Zalewski

Chapter	Article	Section	Citation Type	Statute Text
15	405	9	Amended Code	Citation Text
15	505	0.02	Amended Code	Citation Text
15	505	0.03	Amended Code	Citation Text
15	505	0.04	Amended Code	Citation Text
15	505	0.05	Amended Code	Citation Text
15	505	0.06	Amended Code	Citation Text
20	1205	18.1	Amended Code	Citation Text
20	1205	7	Amended Code	Citation Text
205	205	10090	Amended Code	Citation Text
205	205	4013	Amended Code	Citation Text
205	205	9012	Amended Code	Citation Text
205	305	10	Amended Code	Citation Text
205	305	62	Amended Code	Citation Text
205	405	15.1b	Amended Code	Citation Text
205	405	19.3	Amended Code	Citation Text
205	5	48	Amended Code	Citation Text
205	5	48.1	Amended Code	Citation Text
205	5	48.3	Amended Code	Citation Text
205	5	65	Amended Code	Citation Text
205	620	6-14	Amended Code	Citation Text
205	657	30	Amended Code	Citation Text
205	700	10	Amended Code	Citation Text
215	185	15	Amended Code	Citation Text
215	185	20	Amended Code	Citation Text
215	185	5	Amended Code	Citation Text
215	5	210	Amended Code	Citation Text
225	454	20-20	Amended Code	Citation Text
30	105	6b-1	Amended Code	Citation Text
30	105	8.12	Amended Code	Citation Text
30	230	2	Amended Code	Citation Text
5	100	1-5	Amended Code	Citation Text
5	140	7.5	Amended Code	Citation Text
55	5	3-3034	Amended Code	Citation Text
725	5	110-17	Amended Code	Citation Text
755	5	2-1	Amended Code	Citation Text
755	5	2-2	Amended Code	Citation Text
765	1025	Act	Repealed Code	Citation Text
770	90	3	Amended Code	Citation Text
805	105	112.70	Amended Code	Citation Text
805	5	12.70	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2603&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB2603.htm