republic-os/legislation/us/states/il/94th/hb-583.md

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-ABANDONED ACCT	Amends the Uniform Disposition of Unclaimed Property Act. Excepts from the presumption of abandonment by a financial organization a demand, savings, or matured deposit or a fund paid toward the purchase of withdrawable shares or other interest in a financial organization where the owner has, within 5 years, engaged in the following activity regarding other funds or loan accounts with the banking organization: (i) undertook one or more the of the described actions regarding any account that appears on a consolidated statement with the inactive account; (ii) increased or decreased the amount of funds in any other account the owner has with the banking organization; or (iii) engaged in any other relationship with the banking organization, including payment of any amounts due on a loan. Provides that the exception applies only so long as the mailing address for the owner in the banking organization's books and records is the same for both the inactive account and for the active account.	us/states/il	Illinois General Assembly	94th	HB 583	Illinois HB 583 (94th)	bill		enacted		3	30	2	2005-01-27	2005-07-19	openstates	ocd-bill/81ec8590-d805-413f-abe7-d1899eaf59a6	http://ilga.gov/legislation/BillStatus.asp?DocNum=583&GAID=8&DocTypeID=HB&LegId=14972&SessionID=50&GA=94	4e2373f24d67ebcd599f35d62b1e113e707d20cebe05ed49c6388d6ab04dfd12	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 583 (94th) — UNCLAIMED PROP-ABANDONED ACCT

Amends the Uniform Disposition of Unclaimed Property Act. Excepts from the presumption of abandonment by a financial organization a demand, savings, or matured deposit or a fund paid toward the purchase of withdrawable shares or other interest in a financial organization where the owner has, within 5 years, engaged in the following activity regarding other funds or loan accounts with the banking organization: (i) undertook one or more the of the described actions regarding any account that appears on a consolidated statement with the inactive account; (ii) increased or decreased the amount of funds in any other account the owner has with the banking organization; or (iii) engaged in any other relationship with the banking organization, including payment of any amounts due on a loan. Provides that the exception applies only so long as the mailing address for the owner in the banking organization's books and records is the same for both the inactive account and for the active account.

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

• Third Reading — 59–0 (pass) · upper
• Third Reading — 113–0 (pass) · lower

Sponsors

• Pamela J. Althoff — cosponsor (person)
• Randall M. Hultgren — primary (person)

Timeline

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

• 2005-01-27 Filed with the Clerk by Rep. Randall M. Hultgren filing
• 2005-01-27 First Reading reading-1
• 2005-01-27 Referred to Rules Committee referral-committee
• 2005-02-02 Chief Co-Sponsor Rep. Sidney H. Mathias
• 2005-02-02 Assigned to State Government Administration Committee referral-committee
• 2005-02-09 House Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee amendment-introduction
• 2005-02-09 House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote amendment-passage
• 2005-02-09 Do Pass as Amended / Short Debate State Government Administration Committee; 008-000-001 committee-passage
• 2005-02-10 Placed on Calendar 2nd Reading - Short Debate
• 2005-02-10 Second Reading - Short Debate reading-2
• 2005-02-10 Placed on Calendar Order of 3rd Reading - Short Debate
• 2005-02-17 Third Reading - Short Debate - Passed 113-000-004 reading-3, passage
• 2005-02-23 Arrive in Senate introduction
• 2005-02-23 Placed on Calendar Order of First Reading February 24, 2005 reading-1
• 2005-03-04 Chief Senate Sponsor Sen. Dan Rutherford
• 2005-03-08 First Reading reading-1
• 2005-03-08 Referred to Rules referral-committee
• 2005-04-13 Assigned to Financial Institutions referral-committee
• 2005-04-20 Added as Alternate Co-Sponsor Sen. Pamela J. Althoff
• 2005-04-21 Do Pass Financial Institutions; 006-000-000 committee-passage
• 2005-04-21 Placed on Calendar Order of 2nd Reading May 3, 2005
• 2005-05-05 Second Reading reading-2
• 2005-05-05 Placed on Calendar Order of 3rd Reading May 10, 2005
• 2005-05-11 Third Reading - Passed; 059-000-000 reading-3, passage
• 2005-05-11 Passed Both Houses
• 2005-06-09 Sent to the Governor executive-receipt
• 2005-06-09 Sent to the Governor executive-receipt
• 2005-07-19 Governor Approved executive-signature
• 2005-07-19 Effective Date January 1, 2006
• 2005-07-19 Public Act . . . . . . . . . 94-0255 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/81ec8590-d805-413f-abe7-d1899eaf59a6. Confidence: reported (aggregated from official Illinois legislature records).