UNCLAIMED PROP-DEMUTUALIZATION Senate SponsorsSen. Terry Link-Iris Y. Martinez 1/9/2007SenateSession Sine Die 765 ILCS 1025/3a new765 ILCS 1025/11from Ch. 141, par. 111765 ILCS 1025/12from Ch. 141, par. 11230 ILCS 105/5.640 new30 ILCS 105/8h30 ILCS 105/8jAmends 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. 2/15/2005SenateFiled with Secretary by Sen. Terry Link 2/15/2005SenateFirst Reading 2/15/2005SenateReferred to Rules 2/17/2005SenateAssigned to Insurance 2/25/2005SenateAdded as Chief Co-Sponsor Sen. Todd Sieben 3/2/2005SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez 3/3/2005SenateSponsor Removed Sen. Todd Sieben 3/9/2005SenatePostponed - Insurance 3/17/2005SenatePostponed - Insurance 3/18/2005SenateRule 3-9(a) / Re-referred to Rules 1/9/2007SenateSession Sine Die