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HB 1391 Illinois House · 94th Regular Session

UNCLAIMED PROP-DEMUTUALIZATION

Summary
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.
Bill status signed all 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2005
House Passage
May 2005
Senate Passage
May 2005
Signed into Law
Nov 2005
Introduced Apr 7, 2005 Signed Nov 9, 2005
Floor votes · Senate May 12, 2005 · House Apr 6, 2005

How they voted

49–0
Passed · 3 other
Total votes 52
May 12, 2005
D Democratic27
25 Yea 2
92% Yea
R Republican25
24 Yea 1
96% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
45
Key actions
7
Committee
8
Amendments
2
Nov 2, 2005
Vetoed
Amendatory Veto Overridden Both Houses
lower
Nov 2, 2005
Vetoed
Override Amendatory Veto - Senate Passed 058-000-000
upper
Nov 2, 2005
Vetoed
Motion Filed Override Amendatory Veto Sen. Terry Link
upper
Nov 2, 2005
Vetoed
Placed on Calendar Amendatory Veto November 3, 2005
upper
Oct 27, 2005
Vetoed
Override Amendatory Veto - House Passed 115-001-000
lower
Oct 26, 2005
Vetoed
Motion Filed Override Amendatory Veto Rep. Daniel J. Burke
lower
Aug 10, 2005
Vetoed
Placed on Calendar Amendatory Veto October 25, 2005
lower
Aug 9, 2005
Vetoed
Governor Amendatory Veto
lower
May 12, 2005
Lower · Passed
Passed Both Houses
lower
May 12, 2005
Senate · Passed
Senate Vote: pass (49-0-3)
senate
May 5, 2005
Upper · Passed
Do Pass Financial Institutions; 008-000-000
upper
Apr 13, 2005
Committee
Assigned to Financial Institutions
upper
Apr 11, 2005
Committee
Referred to Rules
upper
Apr 7, 2005
Introduced
Arrive in Senate
upper
Apr 6, 2005
House · Passed
House Vote: pass (103-0-5)
house
Apr 5, 2005
Lower · Passed
House Floor Amendment No. 1 Adopted by Voice Vote
lower
Mar 15, 2005
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000
lower
Mar 9, 2005
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 9, 2005
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Daniel J. Burke
lower
Mar 2, 2005
Lower · Passed
Do Pass / Short Debate Executive Committee; 013-000-000
lower
Feb 16, 2005
Committee
Assigned to Executive Committee
lower
Feb 9, 2005
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.