Holders of unclaimed property should take note that Illinoisâ state budget bill, SB 9, enacted July 7, 2017, includes significant changes to Illinoisâ unclaimed property law. Just days before it was enacted, the Illinois General Assembly amended SB 9 to include a modified version of the Uniform Law Commissionâs 2016 Revised Uniform Unclaimed Property Act. Illinoisâ new unclaimed property law will become effective January 1, 2018 and will repeal the stateâs current unclaimed property law, the Uniform Disposition of Unclaimed Property Act.Â
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