Sec. 29B-17. Exception for bona fide purchasers.
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/il/chapter-720/act-5/29b-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 29B-17. Exception for bona fide purchasers. No property shall be forfeited under this Article from a person who, without actual or constructive notice that the property was the subject of forfeiture proceedings, obtained possession of the property as a bona fide purchaser for value. A person who purports to effect transfer of property after receiving actual or constructive notice that the property is subject to seizure or forfeiture is guilty of contempt of court and shall be liable to the State for a penalty in the amount of the fair market value of the property.