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posted: 9/6/2012 11:23 AM

Illinois treasurer has $1.6B in unclaimed property

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Associated Press

The Illinois State Treasurer's Office says it has another $100 million in unclaimed property, which brings the current total to $1.6 billion.

Treasurer Dan Rutherford is asking Illinois residents to go online and find out if they or their relatives have unclaimed property being held by the state.

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Abandoned bank accounts, stocks, items in safe-deposit boxes and other unclaimed property are turned over to the state treasurer when the owners can't immediately be found.

The treasurer's I-Cash program attempts to return property to the rightful owners or their heirs. Last year, it returned more than $100 million worth of property.

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