(705 ILCS 105/4.1) (from Ch. 25, par. 4.1)
Sec. 4.1.
At the request of the clerk of the circuit court in any county the
county board of that county shall designate one or more banks or savings
and loan associations in which funds and moneys in the custody of such clerk may be
kept. Except as provided below, the clerk of the circuit court shall be
discharged from responsibility for all funds and moneys which he or she
deposits in that designated depository, while such funds and moneys are on deposit
therein. When a bank or savings and loan association
has been designated as a depository it
shall continue as such until 10 days after a new depository is designated
and has qualified as provided above. When a new depository is designated,
the county board shall notify the sureties of the clerk of the circuit
court of that fact, in writing, at least 5 days before the transfer of
funds.
No bank or savings and loan association shall receive public funds as permitted
by this Section, unless it has complied with the requirements established
pursuant to Section 6 of "An Act relating to certain investments of public
funds by public agencies", approved July 23, 1943, as now or hereafter amended.
(Source: P.A. 83-1362.)
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