Illinois Statutes
§ 7-206 — Release from liability
Illinois·Topic TRANSPORTATION·Ch. 625 VEHICLES·Act 625 ILCS 5/ Illinois Vehicle Code.·Art. Chapter 7 - Illinois Safety And Family Financial Responsibility Law
(a)A person shall be relieved from the requirement for deposit of security required by Section 7-201 in the event there shall be filed with the Secretary of State satisfactory evidence that the person who would otherwise be required to deposit security has been released from liability.
(b)A covenant not to sue shall relieve the parties thereto as to each other from the security requirements of this Article.
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Legislative History
(Source: P.A. 83-831.)
Nearby Sections
15
§ 7-1
Local Ordinances§ 7-10
§ 7-10§ 7-101
§ 7-101§ 7-102
Court Review§ 7-2
License fee§ 7-201
Application of Article II§ 7-201.1
§ 7-201.1§ 7-201.2
§ 7-201.2