Illinois Statutes Chapter 765. Property § 1026/15-608. Administrator's options as to custody

(a) The administrator may decline to take custody of property reported under Section 15-401 if the administrator determines that:

(b) A holder may pay or deliver property to the administrator before the property is presumed abandoned under this Act if the holder:

(c) A holder's request for the administrator's consent under subsection (b)(3) must be in a record. If the administrator fails to respond to the request not later than 30 days after receipt of the request, the administrator is deemed to consent to the payment or delivery of the property and the payment or delivery is considered to have been made in good faith.

(d) On payment or delivery of property under subsection (b), the property is presumed abandoned.