Illinois § 15-404 Retention of records by holder

Illinois Statutes

§ 15-404 — Retention of records by holder

Illinois § 15-404

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 § 15-404 (Retention of records by holder) 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. 15-404 (2026).

Text

A holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this Section through an agent. The records must contain:

(1)the information required to be included in the report;

(2)the date, place, and nature of the circumstances that gave rise to the property right;

(3)the amount or value of the property;

(4)the last address of the apparent owner, if known to the holder;

(5)sufficient records of items which were not reported as unclaimed, to allow examination to determine whether the holder has complied with the Act; and (6) if t

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A holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this Section through an agent. The records must contain: (1) the information required to be included in the report; (2) the date, place, and nature of the circumstances that gave rise to the property right; (3) the amount or value of the property; (4) the last address of the apparent owner, if known to the holder; (5) sufficient records of items which were not reported as unclaimed, to allow examination to determine whether the holder has complied with the Act; and (6) if the holder sells, issues, or provides to others for sale or issue in this State traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.