Illinois Statutes
§ 602 — Cash deposit instead of bond
Illinois § 602
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 815BUSINESS TRANSACTIONS
Act 815 ILCS 620/Illinois Fair Invention Development Standards Act.
Art.Article VI - Financial Requirements
This text of Illinois § 602 (Cash deposit instead of bond) 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
815 Ill. Comp. Stat. 602 (2026).
Text
Instead of furnishing the bond required by Section 602 of this Act, the invention developer may deposit with the Secretary of State a cash deposit in the like amount. This cash deposit may be satisfied by any of the following:
(a)Certificates of deposit payable to the Secretary of State issued by banks doing business in this State and insured by the Federal Deposit Insurance Corporation.
(b)Investment certificates of share accounts assigned to the Secretary of State and issued by a savings and loan association doing business in this State and insured by the Federal Savings and Loan Insurance Corporation.
(c)Bearer bonds issued by the United States government or by this State.
(d)Cash deposited with the Secretary of State.
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Legislative History
(Source: P.A. 81-542.)
Nearby Sections
4
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Bluebook (online)
Illinois § 602, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/815/602.