Illinois Statutes
§ 15-704 — Purchaser owns property after sale
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
A purchaser of property at a sale conducted by the administrator under this Act takes the property free of all claims of the owner, a previous holder, or a person claiming through the owner or holder. The administrator shall execute documents necessary to complete the transfer of ownership to the purchaser.
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Legislative History
(Source: P.A. 100-22, 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