Illinois § 15-212

Illinois Statutes

§ 15-212

Illinois § 15-212

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 765PROPERTY

Act 765 ILCS 1026/Revised Uniform Unclaimed Property Act.

Art.Title 15 - Revised Uniform Unclaimed Property Act

This text of Illinois § 15-212 is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

765 Ill. Comp. Stat. 15-212 (2026).

Text

Deposit account for proceeds of insurance policy or annuity contract. If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.

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Deposit account for proceeds of insurance policy or annuity contract. If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.