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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 700

Sec. 15. Recognition of claims.

57 words·~1 min read·/il/chapter-205/act-700/15

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Sec. 15. Recognition of claims. In the absence of a court order or indemnity bond as required by this Act, a financial institution shall not be required to recognize any claim to, or any claim of authority to, exercise control over a deposit account held by the financial institution made by a person other than the depositor.
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