(755 ILCS 5/21-2.06) (from Ch. 110 1/2, par. 21-2.06)
Sec. 21-2.06.
Savings and time deposit certificates of a state bank
or a national bank doing business in this State but, unless otherwise
authorized by a court of competent jurisdiction, only to the extent that such
deposits are insured by the United States or any agency thereof, even
though the bank of deposit is the representative of the ward's estate. Amounts
deposited in savings and time deposit certificates of such bank in excess
of the amount insured by the United States or any agency thereof shall be
secured by a surety bond taken from a surety authorized to transact business
in this State in such sum, under such conditions and with such security
sufficient to save the estate from loss.
(Source: P.A. 83-1445.)
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