Illinois § 15-901 Claim of another state to recover property

Illinois Statutes

§ 15-901 — Claim of another state to recover property

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)If the administrator knows that property held by the administrator under this Act is subject to a superior claim of another state, the administrator shall:

(1)report and pay or deliver the property to the other state; or (2) return the property to the holder so that the holder may pay or deliver the property to the other state.

(b)The administrator is not required to enter into an agreement to transfer property to the other state under subsection (a).

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(a) If the administrator knows that property held by the administrator under this Act is subject to a superior claim of another state, the administrator shall: (1) report and pay or deliver the property to the other state; or (2) return the property to the holder so that the holder may pay or deliver the property to the other state. (b) The administrator is not required to enter into an agreement to transfer property to the other state under subsection (a).

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