(15 ILCS 520/10) (from Ch. 130, par. 29)
Sec. 10.
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.
(Source: P.A. 101-206, eff. 8-2-19; 102-297, eff. 8-6-21; 102-558, eff. 8-20-21.)
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