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Statutory Interpretation – Unclaimed Property Act

An earlier opinion in this case concluded that people whose property is taken into custody by Illinois under the state’s Disposition of Unclaimed Property Act, 765 ILCS 1026/15-607, are entitled to receive the time value of their property (that is, interest or other earnings), less reasonable custodial fees. Kolton v. Frerichs, 869 F.3d 532 (7th Cir. 2017); see also Cerajeski v. Zoeller, 735 F.3d 577 (7th Cir. 2013).

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