Topic:
Unclaimed U.S. savings bonds
(Lang, D-Skokie; Link, D-Gurnee) amends the Uniform Disposition of Unclaimed Property Act. It presumes that a United States savings bond is presumed abandoned if the bond has remained unclaimed and unredeemed for five years after its date of final extended maturity. Establishes a procedure by which the State Treasurer may obtain a judicial determination that the bond has escheated to the State. Passed both chambers.