Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 760 - REVISED UNIFORM UNCLAIMED PROPERTY ACT
Subpart D - NOTICE TO APPARENT OWNERS BY THE ADMINISTRATOR
Section 760.500 - Notices by United States Mail

Universal Citation: 74 IL Admin Code ยง 760.500

Current through Register Vol. 48, No. 12, March 22, 2024

a) The administrator shall send at least one written notice by first-class U.S. Mail to each apparent owner of unclaimed property held by the administrator and valued at $100 or more.

b) However, the administrator shall not send a notice under this Section by first-class U.S. Mail if the administrator reasonably believes that a mailing by first-class U.S. Mail would not be received by the apparent owner.

c) In the case of a security held in an account for which the apparent owner had consented to receiving e-mail from the holder, the administrator shall send notice bye-mail if the e-mail address of the apparent owner is known to the administrator, instead of by first-class U.S. Mail. [ 765 ILCS 1026/15-503(b)(1) ]

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