Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 721 - SECURE CHOICE SAVINGS PROGRAM
Subpart G - MISCELLANEOUS
Section 721.700 - Abandoned Accounts
Universal Citation: 74 IL Admin Code ยง 721.700
Current through Register Vol. 48, No. 12, March 22, 2024
An account will be presumed abandoned according to the unclaimed property law of the state of the last known address of the participant. If the last known address of the participant is in Illinois, the provisions of the Revised Uniform Unclaimed Property Act [ 765 ILCS 1026 ] shall apply. If there is no last known address of the participant in the Program records, federal common law shall determine the state with the first priority claim.
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