30 ILCS 240/0.01
Short title
Short title. This Act may be cited as the Public Funds in Failed Banks Act. (Source: P.A. 86-1324.)
Illinois Compiled Statutes 30 ILCS 240 — Public Funds in Failed Banks Act.
Illinois · statute · 30 ILCS 240 · 2 active provisions
30 ILCS 240/1
No action shall be brought nor shall any action lie against the treasurer or custodian of any public funds which have been, or hereafter may be, lawfully deposited in any bank which has closed or failed, or hereafter may close or fail, for the failure to pay over such funds, or any part thereof within a period of two y…