Illinois HB4057 amends the Revised Uniform Unclaimed Property Act by modifying the definition of "finder.
HB4057 amends the Revised Uniform Unclaimed Property Act by changing the definition of "finder." The bill excludes certain individuals and entities from being considered a finder, including those holding a durable power of attorney for a medically incapacitated person, bankruptcy trustees, survivors or assignees of business associations, employees of an owner, and others entitled to receive property under other law, court order, or policy. This change aims to clarify who is not considered a finder when dealing with unclaimed property.
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