GroundRules
225 ILCS 640/4.5
Where this section sits in the code
- CHAPTER 225 PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS
- Livestock Auction Market Law.
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.
Collected 2026-09-15T04:46:32Z. Source file · JSON