Illinois has overhauled their unclaimed property law with the passage of S.B. 9 and S.B. 868 in 2017 (effective January 1, 2018). Some of the significant changes to the Illinois unclaimed property law include:
- Updated dormancy periods
- New reporting requirements for securities
- Accelerated dormancy periods for deceased owners
- Clarifying owner interest
- Transitional provision
This webinar will outline the changes to the Illinois Revised Uniform Unclaimed Property Act and provide guidance to holders for reporting in 2018 and thereafter.
G. Allen Mayer, General Counsel, Illinois State Treasurer
Gwen Drake, Assistant General Counsel, Illinois State Treasurer
Rick Cory, Manager for Unclaimed Property Compliance, Illinois State Treasurer
Dana Terry, Unclaimed Property Consulting Director, Georgeson
This webinar was originally recorded on January 30 2018. You can access the Q&A that was covered during the live session here.