Illinois HB 4541: DHS-HOME SRVICES-RESTRICTIONS

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 Full Text of HB4541

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HB4541 EnrolledLRB104 17848 JRC 31282 b

1 AN ACT concerning civil law.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Revised Uniform Unclaimed Property Act is 

5amended by changing Sections 15-102 and 15-1302 as follows:

6 (765 ILCS 1026/15-102)

7 Sec. 15-102. Definitions. In this Act:

8 (1) "Administrator" means the State Treasurer. 

9 (2) "Administrator's agent" means a person with which 

10 the administrator contracts to conduct an examination 

11 under Article 10 on behalf of the administrator. The term 

12 includes an independent contractor of the person and each 

13 individual participating in the examination on behalf of 

14 the person or contractor. 

15 (2.5) (Blank).

16 (3) "Apparent owner" means a person whose name appears 

17 on the records of a holder as the owner of property held, 

18 issued, or owing by the holder.

19 (3.5) "Asset purchaser" means a business association 

20 that has purchased property from a large business 

21 association as defined in subsection (j) of Section 

22 15-1302 of this Act.

23 (4) "Business association" means a corporation, joint 

HB4541 Enrolled- 2 -LRB104 17848 JRC 31282 b

1 stock company, investment company, unincorporated 

2 association, joint venture, limited liability company, 

3 business trust, trust company, land bank, safe deposit 

4 company, safekeeping depository, financial organization, 

5 insurance company, federally chartered entity, utility, 

6 sole proprietorship, or other business entity, whether or 

7 not for prof