Illinois Compiled Statutes 765 ILCS 1026/15-404 – Retention of records by holder
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A holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this Section through an agent. The records must contain:
(1) the information required to be included in the
(1) the information required to be included in the
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report;
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(2) the date, place, and nature of the circumstances
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that gave rise to the property right;
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(3) the amount or value of the property;
(4) the last address of the apparent owner, if known
Terms Used In Illinois Compiled Statutes 765 ILCS 1026/15-404
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(4) the last address of the apparent owner, if known
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to the holder;
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(5) sufficient records of items which were not
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reported as unclaimed, to allow examination to determine whether the holder has complied with the Act; and
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(6) if the holder sells, issues, or provides to
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others for sale or issue in this State traveler’s checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.
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