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republic-os/legislation/us/states/il/94th/hb-1391.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill UNCLAIMED PROP-DEMUTUALIZATION Amends the Uniform Disposition of Unclaimed Property Act. Provides that funds and stock distributable in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be deemed abandoned in the listed time frames. Provides that funds and stock deemed abandoned in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be held in the Demutualization Trust Fund. Provides that the State Treasurer shall set a date that the required report and remittance of the funds and stock deemed abandoned in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be filed. Provides that the names of owners that are identified and contacted directly by the State Treasurer do not have to be published as required under the notice requirements. Amends the State Finance Act. Creates the Demutualization Trust Fund. Exempts the Demutualization Trust Fund from transfers to the General Revenue Fund. Effective immediately. us/states/il Illinois General Assembly 94th HB 1391 Illinois HB 1391 (94th)
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3 43 4 2005-02-09 2005-11-09 openstates ocd-bill/b4d6bf30-97eb-41b5-82ff-37394aa93b5f http://ilga.gov/legislation/BillStatus.asp?DocNum=1391&GAID=8&DocTypeID=HB&LegId=16168&SessionID=50&GA=94 7718bf14de16e895a2ef8e3aad028d21e74ee0d83211204f7d6fb63785193eeb 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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Illinois HB 1391 (94th) — UNCLAIMED PROP-DEMUTUALIZATION

Amends the Uniform Disposition of Unclaimed Property Act. Provides that funds and stock distributable in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be deemed abandoned in the listed time frames. Provides that funds and stock deemed abandoned in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be held in the Demutualization Trust Fund. Provides that the State Treasurer shall set a date that the required report and remittance of the funds and stock deemed abandoned in the course of a demutualization, rehabilitation, or related reorganization of an insurance company shall be filed. Provides that the names of owners that are identified and contacted directly by the State Treasurer do not have to be published as required under the notice requirements. Amends the State Finance Act. Creates the Demutualization Trust Fund. Exempts the Demutualization Trust Fund from transfers to the General Revenue Fund. Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Motion — 115–1 (fail) · lower
  • Third Reading — 113–0 (pass) · lower
  • Third Reading — 56–0 (pass) · upper
  • Motion — 58–0 (pass) · upper

Sponsors

  • Daniel J. Burke — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2005-02-09 Filed with the Clerk by Rep. Daniel J. Burke filing
  • 2005-02-09 Chief Co-Sponsor Rep. Angelo Saviano
  • 2005-02-09 First Reading reading-1
  • 2005-02-09 Referred to Rules Committee referral-committee
  • 2005-02-10 Added Chief Co-Sponsor Rep. William B. Black
  • 2005-02-16 Assigned to Executive Committee referral-committee
  • 2005-03-01 Motion to Suspend Rule 25 - Prevailed by Voice Vote
  • 2005-03-02 Do Pass / Short Debate Executive Committee; 013-000-000 committee-passage
  • 2005-03-03 Placed on Calendar 2nd Reading - Short Debate
  • 2005-03-09 House Floor Amendment No. 1 Filed with Clerk by Rep. Daniel J. Burke amendment-introduction
  • 2005-03-09 House Floor Amendment No. 1 Referred to Rules Committee referral-committee
  • 2005-03-15 House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000 committee-passage-favorable
  • 2005-04-05 Second Reading - Short Debate reading-2
  • 2005-04-05 House Floor Amendment No. 1 Adopted by Voice Vote amendment-passage
  • 2005-04-05 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2005-04-06 Third Reading - Short Debate - Passed 113-000-000 reading-3, passage
  • 2005-04-07 Arrive in Senate introduction
  • 2005-04-07 Placed on Calendar Order of First Reading April 8, 2005 reading-1
  • 2005-04-07 Chief Senate Sponsor Sen. Terry Link
  • 2005-04-11 First Reading reading-1
  • 2005-04-11 Referred to Rules referral-committee
  • 2005-04-13 Assigned to Financial Institutions referral-committee
  • 2005-04-14 Added as Alternate Chief Co-Sponsor Sen. Dan Rutherford
  • 2005-04-21 Postponed - Financial Institutions
  • 2005-05-05 Do Pass Financial Institutions; 008-000-000 committee-passage
  • 2005-05-05 Placed on Calendar Order of 2nd Reading May 10, 2005
  • 2005-05-11 Second Reading reading-2
  • 2005-05-11 Placed on Calendar Order of 3rd Reading May 12, 2005
  • 2005-05-12 Third Reading - Passed; 056-000-000 reading-3, passage
  • 2005-05-12 Passed Both Houses
  • 2005-06-10 Sent to the Governor executive-receipt
  • 2005-08-09 Governor Amendatory Veto executive-veto
  • 2005-08-10 Placed on Calendar Amendatory Veto October 25, 2005
  • 2005-10-26 Motion Filed Override Amendatory Veto Rep. Daniel J. Burke
  • 2005-10-27 3/5 Vote Required
  • 2005-10-27 Override Amendatory Veto - House Passed 115-001-000
  • 2005-11-02 Placed on Calendar Amendatory Veto November 3, 2005
  • 2005-11-02 Motion Filed Override Amendatory Veto Sen. Terry Link
  • 2005-11-02 3/5 Vote Required
  • 2005-11-02 Override Amendatory Veto - Senate Passed 058-000-000
  • 2005-11-02 Amendatory Veto Overridden Both Houses
  • 2005-11-09 Effective Date November 2, 2005
  • 2005-11-09 Public Act . . . . . . . . . 94-0686 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/b4d6bf30-97eb-41b5-82ff-37394aa93b5f. Confidence: reported (aggregated from official Illinois legislature records).

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