{"data":{"id":"us-il/765-ilcs-1026-15-203","jurisdiction":"us-il","citation":"765 ILCS 1026/15-203","heading":"When other tax-deferred account presumed abandoned.","body":"(a) Subject to Section 15-210 and except for property described in Section 15-202, property held in an account or plan, including a health savings account, that qualifies for tax deferral under the income-tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner 3 years after the earlier of:\n(1) the date, if determinable by the holder, specified in the income-tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made; or\n(2) 20 years after the date the account was opened.\n(b) If the owner is deceased, then property subject to this Section is presumed abandoned 2 years from the earliest of:\n(1) the date of the distribution or attempted distribution of the property;\n(2) the date of the required distribution as stated in the plan or trust agreement governing the plan; or\n(3) the date, if determinable by the holder, specified in the income tax laws of the United States by which distribution of the property must begin in order to avoid a tax penalty.\n(c) In the tenth year after the opening of an account holding property covered by this Section in which the apparent owner has not, within the previous 3 years, indicated an interest under Section 15-210 and that is not otherwise presumed abandoned, the holder shall attempt to contact the apparent owner of the account in a manner substantially similar to the manner in which notice is provided under Section 15-501. The administrator shall adopt rules to implement this subsection.","path":["CHAPTER 765 PROPERTY","Revised Uniform Unclaimed Property Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=3794\u0026ChapterID=62\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:46Z","sha256":"7cd7f103e680144afd576bd3e11ac957cd5b6b578f360c7f4f616eab989d59ec","source_id":"us-il","stale":false,"prev":"us-il/765-ilcs-1026-15-202","next":"us-il/765-ilcs-1026-15-204"},"notice":"GroundRules: Original legal text. Not legal advice."}