755 ILCS 32/25: Transfer of property.

(This Section may contain text from a Public Act with a delayed effective date)

If the requirements of this Act are satisfied by a charitable organization, and there are no conflicting claims to the same shares or portion of a property, the holder of the property must do either or both of the following within 60 business days:

(1) pay, deliver, or transfer the property to or for the benefit of the charitable organization if the affidavit has requested the transfer, payment, or delivery of the property to the charitable organization, complying with the charitable organization's preference as to whether the property is paid, delivered, or transferred, to the extent that complying with such preference is reasonably practicable for the holder; or

(2) deliver the information requested in the affidavit to the charitable organization.