Sec. 15-804. Administrator holds property as custodian for owner.
50 words·~1 min read·
/il/chapter-765/act-1026/15-804A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15-804. Administrator holds property as custodian for owner. Upon the payment or delivery of abandoned property to the administrator, the State shall assume custody and shall be responsible for the safekeeping thereof in perpetuity unless otherwise claimed for the benefit of the owner or the owner's successors in interest.