The administrator may take custody of property that is presumed abandoned, whether located in this State, another state, or a foreign country if:
- (1) the last-known address of the apparent owner in the records of the holder is in this State; or
- (2) the records of the holder do not reflect the identity or last-known address of the apparent owner, but the administrator has determined that the last-known address of the apparent owner is in this State.
(Source: P.A. 100-22, eff. 1-1-18.)