Electronic Documents of Illinois
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Instructions for filing the Annual Report and the Annual Remittance Detail of Unclaimed Property using Forms UPD601 and UPD602
- The Illinois Uniform Disposition of Unclaimed Property Act 765 ILCS 1025/1-30 (Act) requires the reporting of all intangible personalproperty (and any earnings thereon) held by banking and financial organizations, and insurance companies other than life insurancecorporations which have remained unclaimed by the owner for five (5) years be presumed abandoned. Therefor, all property heldby these types of businesses with dates of last activity of June 30, 1998 and prior are considered abandoned and must be reported.The due date for filing the Annual Report of Unclaimed Property is November 1, 2003. Additionally, intangible personal propertybeing held by governmental entities which has remained unclaimed by the owner for a period of seven (7) years is also presumedabandoned and must be reported. Governmental entities must report and remit abandoned property with dates of last activity forJune 30, 1996 and prior, by November 1, 2003.
Originally Deposited as: 2462
Phone Number: Language(s): EN-English Volume or Year: 2004
Number or Issue: May 1 Date Created: 01 15 2004
Date Last Modified: 01 15 2004 Librarian Remarks:
Access This Publication1. Instructions for filing the annual report and annual remittance detail of unclaimed property using forms UPD601 and UPD 602 (Instructions1-2004.pdf).
Document Size:324588 Software: Acrobat Distiller Version: 5.0.5 Windows This is part of a series. It is part of Instructions for filing the Annual Report and the Annual Remittance Detail of Unclaimed Property using Forms UPD601 and UPD602: 2719