Illinois § 85 Reliance on Commissioner

Illinois Statutes

§ 85 — Reliance on Commissioner

Illinois § 85

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 616/Electronic Fund Transfer Act.

This text of Illinois § 85 (Reliance on Commissioner) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

205 Ill. Comp. Stat. 85 (2026).

Text

No 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after the act or omission has occurred, the rule, interpretation, or opinion upon which reliance is placed is amended, rescinded, or determined by judicial or other authority to be invalid for any reason.

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No 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after the act or omission has occurred, the rule, interpretation, or opinion upon which reliance is placed is amended, rescinded, or determined by judicial or other authority to be invalid for any reason.

Legislative History

(Source: P.A. 90-665, eff. 7-30-98.)

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Bluebook (online)

Illinois § 85, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/85.