SiteTitle | • | Instructions for filing the Annual Report and the Annual Remittance Detail of Unclaimed Property using Forms UPD601 and UPD602 | [X] |
Organization | • | OFFICE OF THE ILLINOIS STATE TREASURER | [X] |
| | 1: | | Title: | | | | | Volume/Number: | 2006 November 1 | | | | Issuing Agency: | | | | | Description: | The Illinois Uniform Disposition of Unclaimed Property Act 765 ILCS 1025/1-30 (Act) requires the reporting of all intangible personal property (and any earnings thereon) held by banking and financial organizations, and insurance companies other than life insurance corporations which have remained unclaimed by the owner for five (5) years be presumed abandoned. Therefore, all property held by these types of businesses with dates of last activity of June 30, 2001 and prior are considered abandoned and must be reported. The due date for filing the Annual Report of Unclaimed Property is November 1, 2006. Additionally, intangible personal property being held by governmental entities which has remained unclaimed by the owner for a period of seven (7) years is also presumed abandoned and must be reported. Governmental entities must report and remit abandoned property with dates of last activity for June 30, 1999 and prior, by November 1, 2006. | | | | Date Created: | 08 11 2006 | | | | Agency ID: | | | | | ISL ID: | 000000002513 Original UID: 2418 FIRST WORD: Instructions | |
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