205 ILCS 620/1-5.14

(205 ILCS 620/1-5.14)

Sec. 1-5.14.

Compliance period.

A person who becomes a fiduciary or who
becomes engaged in the trust business and thereby is required to obtain a
certificate of authority from the Commissioner either by the coming into force
of this amendatory Act of 1995 or by the loss of an exemption listed in or by
rule authorized under Section 2-4.5 of this Act shall have 180 days to either
liquidate
the fiduciary or trust business or to obtain a certificate from the
Commissioner.  During this 180-day period the person shall not be guilty of a
Class A misdemeanor.

(Source: P.A. 89-364, eff. 8-18-95.)