225 ILCS 640/4.5

Illinois · Illinois Compiled Statutes 225 ILCS 640 — Livestock Auction Market Law. · Status: effective

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Citation: 225 ILCS 640/4.5, Illinois, version 1 as recorded 2026-08-14, yourstate.us, https://yourstate.us/provision/1289441
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Every licensed auction market shall establish and maintain a separate bank account designated as "Custodial Account for Shippers' Proceeds", or of some similar identifying designation, to disclose that the depository is acting as a fiduciary and that the funds in the account are trust funds. (Source: P.A. 86-231.)