Illinois Compiled Statutes 205 ILCS 700/10 – Application of Act
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This Act shall not preempt:
(1) the Revised Uniform Unclaimed Property Act, nor
(1) the Revised Uniform Unclaimed Property Act, nor
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shall any provision of this Act be construed to relieve any holder, including a financial institution, from reporting and remitting all unclaimed property, including deposit accounts, under the Revised Uniform Unclaimed Property Act;
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(2) the Uniform Commercial Code, nor shall any
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provision of this Act be construed as affecting the rights of a person with respect to a deposit account under the Uniform Commercial Code;
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(3) the provisions of Section 2-1402 of the Code of
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Civil Procedure, nor shall any provision of this Act be construed as affecting the rights of a person with respect to a deposit account under Section 2-1402 of the Code of Civil Procedure;
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(4) the provisions of Part 7 of Article II of the
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Code of Civil Procedure, nor shall any provision of this Act be construed as affecting the rights of a person with respect to a deposit account under the provisions of Part 7 of Article II of the Code of Civil Procedure;
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(5) the provisions of Article XXV of the Probate Act
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of 1975, nor shall any provision of this Act be construed as affecting the rights of a person with respect to a deposit account under the provisions of Article XXV of the Probate Act of 1975; or
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(6) the Safety Deposit Box Opening Act, nor shall any
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provision of this Act be construed as affecting the rights of a person with respect to a deposit account under the Safety Deposit Box Opening Act.
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Terms Used In Illinois Compiled Statutes 205 ILCS 700/10
- Probate: Proving a will
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC