Abandoned Property Dormancy Periods in Illinois

Property Type	Presumed Abandoned After
Bank account	Demand, savings, and time deposit accounts, and other accounts specifying a definite maturity date: five years For a ward of the state: five years after the beneficiary reaches legal age
Checks or drafts	five years
Demutualization proceeds	two years
Gift certificates, gift cards, and credit memos	gift certificates and cards with an expiration date or that are subject to a post-sale charge or fee: five years
Insurance policies	Life or annuity policies: five years The presumed maturity of an insurance policy is two years.
IRAs or retirement funds	IRAs: five years
Money orders	five years
Other intangible personal property not otherwise specified	cooperative patronage funds: two years Other property: five years
Proceeds from class action suits	no specific provision
Property distributable by a business association in the course of dissolution	two years
Property held by courts or public agencies	seven years
Property held by fiduciaries	five years
Safe deposit boxes	five years
Shares in a financial institution	five years
Stocks, dividends, and distributions	two years
Traveler's checks	15 years
Deposits and advances owed utility company customer	deposits, refunds, and advances: five years
Wages or salaries	no specific provision