Legal Question in Banking Law in Illinois

Re: 6 % First Morgage Bonds

How old are these bonds? There is NO "Kesner Properties" listed in the Illinois Secretary of State records. The only reference that comes up on Google is to a box of records on the 1933 World's Fair in Chicago now held in the UIC archives.

If this claim is more than 5 years old, then the funds may have been turned over to the state.

The Uniform Disposition of Unclaimed Property Act provides generally that after money has become due and payable, but is unclaimed for a period of at least five years, the holder of the funds must make a report to the Department of Financial Institutions and deliver the funds to the Director. The Act provides that the money is to be deposited in the State Pensions Fund in the State Treasury, and sets forth procedures for the processing of claims of interested persons. The Act does not limit the time during which an owner or an owner's successor in interest may file a claim with the Director.

For right now, you don't need a lawyer, you need to do some detective work. While you should contact Chase Bank - in writing, not just playing telephone roulette - don't expect them to do all the leg work if this is an ancient claim.

Re: 6 % First Morgage Bonds

Hello. I understand your frustration. First of

all, American National Bank was purchased by

Chase Bank. The best place to take a look will

be at the old First National Bank address in

Chicago which is now Chase Bank. This situation could be alittle tricky. You need a lawyer and you may need a small estate affidavit. Will be happy to answer any additional questions you may have.