Section 765 ILCS 1026/15-203 - When other tax-deferred account presumed abandoned(a) Subject to Section 15-210 and except for property described in Section 15-202, property held in an account or plan, including a health savings account, that qualifies for tax deferral under the income-tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner 3 years after the earlier of: (1) the date, if determinable by the holder, specified in the income-tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made; or(2) 30 years after the date the account was opened.(b) If the owner is deceased, then property subject to this Section is presumed abandoned 2 years from the earliest of: (1) the date of the distribution or attempted distribution of the property;(2) the date of the required distribution as stated in the plan or trust agreement governing the plan; or(3) the date, if determinable by the holder, specified in the income tax laws of the United States by which distribution of the property must begin in order to avoid a tax penalty.Added by P.A. 100-0022,§ 15-203, eff. 1/1/2018.