Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 760 - REVISED UNIFORM UNCLAIMED PROPERTY ACT
Subpart B - PRESUMPTION OF ABANDONMENT
Section 760.280 - Reporting Securities

Universal Citation: 74 IL Admin Code ยง 760.280

Current through Register Vol. 48, No. 38, September 20, 2024

Remittance of securities. Unless otherwise provided, all securities and commodities when remitted by the holder to the administrator shall:

a) be registered as "Treasurer of the State of Illinois"; or

b) be deposited into a new or existing securities or commodities account either in the name of "Treasurer of the State of Illinois" or in a nominee account (aka "street name" account) established by a vendor acting as a custodian for the administrator; and

c) include all dividends, interest, warrants, or other rights, or associated cash in a check payable to "Treasurer of the State of Illinois" unless otherwise directed by the administrator.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.