§ 15-802 — Administrator to retain records of property

Illinois § 15-802

• Jurisdiction: 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

Text

The administrator shall: (1) record and retain the name and last-known address of each person shown on a report filed under Section 15-401 to be the apparent owner of property delivered to the administrator; (2) record and retain the name and last-known address of each insured or annuitant and beneficiary shown on the report; (3) for each policy of insurance or annuity contract listed in the report of an insurance company, record and retain the policy or account number, the name of the company, and the amount due or paid shown on the report; (4) for each apparent owner listed in the report, record and retain the name of the holder that filed the report and the amount due or paid; and (5) maintain records sufficient to indicate the filing of reports required under Section 15-401 and the payment or delivery of property to the administrator under Section 15-603. Records created or maintained pursuant to this Section are subject to the requirements of the Illinois State Records Act.

Legislative History

(Source: P.A. 100-22, eff. 1-1-18 .)