(305 ILCS 5/10-24.50)
Sec. 10-24.50. Financial institution's freedom from liability. A
financial institution that provides information under Sections 10-24 through
10-24.50 shall not be liable to any account holder, owner, or other person in
any civil, criminal, or administrative action for any
of the following:
(1) Disclosing the required information to the |
| Illinois Department, any other provisions of the law notwithstanding.
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(2) Holding, encumbering, or surrendering any of an
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| individual's accounts as defined in Section 10-24 in response to a lien or order to withhold and deliver issued by:
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(A) the Illinois Department under Sections 10-25
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(B) a person or entity acting on behalf of the
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(3) Any other action taken or omission made in good
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| faith to comply with Sections 10-24 through 10-24.50, including individual or mechanical errors, provided that the action or omission does not constitute gross negligence or willful misconduct.
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(Source: P.A. 100-201, eff. 8-18-17.)
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