Illinois Code § 15-206
Illinois Code § 15-206. Reproduced from the official Illinois Compiled Statutes, with a citation summary, verification link, and related provisions.
§ 15-206.
When stored-value card presumed abandoned. (a) Subject to Section 15-210, the net card value of a stored-value card is presumed abandoned on the latest of 5 years after: (1) December 31 of the year in which the card is issued or additional funds are deposited into it; (2) the most recent indication of interest in the card by the apparent owner; or (3) a verification or review of the balance by or on behalf of the apparent owner. (b) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned. (c) However, if a holder has reported and remitted to the administrator the net card value on a stored-value card presumed abandoned under this Section and the stored-value card does not have an expiration date, then the holder must honor the card on presentation indefinitely and may then request reimbursement from the administrator under Section 605. (Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18.)
Source: official Illinois text · Last verified 2026-08-27
At a glance
- Citation: Illinois Compiled Statutes § 15-206
- Jurisdiction: Illinois
- Code: Illinois Compiled Statutes
- Text: transcribed from the official source (verify below)
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Common questions
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