Illinois § 29B-17 Exception for bona fide purchasers

Illinois Statutes

§ 29B-17 — Exception for bona fide purchasers

Illinois § 29B-17

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 720CRIMINAL OFFENSES

Act 720 ILCS 5/Criminal Code of 2012.

Art.Title III - Specific Offenses

This text of Illinois § 29B-17 (Exception for bona fide purchasers) 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

720 Ill. Comp. Stat. 29B-17 (2026).

Text

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.

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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.