Illinois Code § 205 ILCS 645/21

Reliance on Commissioner.
Open in Lexace · Ask the AI about this section
No foreign banking
corporation or other person shall be liable under this Act for any act done or
omitted in good faith in conformity with any rule, interpretation, or opinion
issued by the Commissioner of Banks and Real Estate, notwithstanding that after
the act or omission has occurred, the rule, opinion, or interpretation upon
which reliance is placed is amended, rescinded, or determined by judicial or
other authority to be invalid for any reason.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.