Illinois Compiled Statutes 15 ILCS 520/10 – The State Treasurer may enter into an agreement in conformity with …
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 15 ILCS 520/10
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
- United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
The State Treasurer may enter into an agreement in conformity with this Act with any financial institution relating to the deposit of securities. Such agreement may authorize the holding by such financial institution of such securities in custody and safekeeping solely under the instructions of the State Treasurer either (a) in the office of such financial institution, or under the custody and safekeeping of another financial institution in this State for the depository financial institution, or (b) in a bank or a depository trust company in the United States if the securities to be deposited are held in custody and safekeeping for such financial institution.