IL HB4601 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2016 - 25% progression, died in committee
Action: 2016-04-22 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2016 - 25% progression, died in committee
Action: 2016-04-22 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Uniform Disposition of Unclaimed Property Act. Provides that certain property is presumed abandoned after 8 (instead of 5) years. Provides that property is not presumed abandoned if the owner of the property was the recipient of a federal taxable interest statement that was not returned to the sender, a dividend check that was cashed, or any automatic transactions, including dividend investments.
Title
UNCLAIMED PROP-ACCOUNTS, OWNER
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-22 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2016-04-08 | House | Committee Deadline Extended-Rule 9(b) April 22, 2016 |
| 2016-03-23 | House | Assigned to Financial Institutions Committee |
| 2016-01-28 | House | Referred to Rules Committee |
| 2016-01-28 | House | First Reading |
| 2016-01-28 | House | Filed with the Clerk by Rep. Thomas M. Bennett |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 765 | 1025 | 2 | Amended Code | Citation Text |
| 765 | 1025 | 2a | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4601&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB4601.htm |
