UNCLAIMED PROP-ACCOUNTS, OWNER
Summary
Amends the Uniform Disposition of Unclaimed Property Act. Provides that certain property is presumed abandoned after 8 (instead of 5) years. Provides that property is not presumed abandoned if the owner of the property was the recipient of a federal taxable interest statement that was not returned to the sender, a dividend check that was cashed, or any automatic transactions, including dividend investments.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2016
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2016
Last action Jan 10, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Apr 22, 2016
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 8, 2016
Lower · Passed
Committee Deadline Extended-Rule 9(b) April 22, 2016
lower
Mar 23, 2016
Committee
Assigned to Financial Institutions Committee
lower
Jan 28, 2016
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 4601
Scope: IL
Hi! I can help you understand HB 4601. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline