505 ILCS 25/11
Surety bond
Illinois · Illinois Compiled Statutes 505 ILCS 25 — Beef Market Development Act. · Status: effective
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- Citation
- 505 ILCS 25/11, Surety bond, Illinois, version 1 as recorded 2026-08-15, yourstate.us, https://yourstate.us/provision/1294937
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Full text
Surety bond.
(a) Any person authorized by the Checkoff Division to receive or disburse funds, as provided by the Act, shall post with the Checkoff Division a surety bond in the amount deemed appropriate by the Checkoff Division.
(b) Premiums covering bonding for employees, officers or members of the Checkoff Division shall be paid by the Checkoff Division.
(c) No person shall knowingly fail or refuse to comply with any requirement of this Act. The Checkoff Division may institute any action which is necessary to enforce compliance with any provision of this Act and rule or regulation thereunder. Each day's violation constitutes a separate offense. In addition to any other remedy provided by law, the Checkoff Division may petition for injunctive relief without being required to allege or prove the absence of any adequate remedy at law. (Source: P.A. 99-389, eff. 8-18-15.)