Sec. 4.5

225 ILCS 640/4.5, under Livestock Auction Market Law.

225 ILCS 640/4.5

(225 ILCS 640/4.5) (from Ch. 121 1/2, par. 211.5)

    Sec. 4.5.

Every licensed auction market shall establish and maintain a separate bank account designated as "Custodial Account for Shippers' Proceeds", or of some similar identifying designation, to disclose that the depository is acting as a fiduciary and that the funds in the account are trust funds.

(Source: P.A. 86-231.)