The measure says the state can take control of abandoned funds after just one year instead of five years. The rightful owners can claim the money if they ever show up, but Illinois will get to collect interest on the funds.
Gov. Quinn signed the law Monday.
Click on the following for more details: http://www.nwherald.com/2011/08/09/ill-to-begin-seizing-abandoned-cash-after-1-year/asq347t/
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