Illinois Statutes
§ 15-606 — Property removed from safe-deposit box
Illinois·Topic RIGHTS AND REMEDIES·Ch. 765 PROPERTY·Act 765 ILCS 1026/ Revised Uniform Unclaimed Property Act.·Art. Title 15 - Revised Uniform Unclaimed Property Act
Property removed from a safe-deposit box and delivered under this Act to the administrator under this Act is subject to the holder's right to reimbursement for the cost of opening the box and a lien or contract providing reimbursement to the holder for unpaid rent charges for the box. Upon application by the holder, and after there are sufficient cash funds available either from the contents of the box or the sale of the property, the administrator shall reimburse the holder from the proceeds. The administrator shall promulgate administrative rules concerning the reimbursement process under this Section.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 15-606 (Property removed from safe-deposit box) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18.)
Nearby Sections
15
§ 15
§ 15§ 15-1001
Verified report of property§ 15-1002.2
§ 15-1002.2§ 15-1003
Rules for conducting examination§ 15-1004
Records obtained in examination§ 15-101
Short title§ 15-1010
Report by administrator§ 15-1011
§ 15-1011