Sec. 15-1202. Interstate and international agreement; cooperation.
120 words·~1 min read·
/il/chapter-765/act-1026/15-1202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15-1202. Interstate and international agreement; cooperation.
(a)Subject to subsection (b), the administrator may:
(1)exchange information with another state or foreign country relating to property
presumed abandoned or relating to the possible existence of property presumed abandoned; and
(2)authorize in a record another state or foreign country or a person acting on behalf
of the other state or country to examine its records of a putative holder as provided in Article 10.
(b)An exchange or examination under subsection
(a)may be done only if the state or foreign country has confidentiality and security requirements substantially equivalent to those in Article 14 or agrees in a record to be bound by this State's confidentiality and security requirements.