(755 ILCS 5/9-9) (from Ch. 110 1/2, par. 9-9)
Sec. 9-9.
Payment or delivery of personal estate on order for summary
administration.) Upon receipt of an authenticated copy of the order of
the court, as provided in Section 9-8, any person or corporation indebted
to or holding the personal estate of the decedent or acting as registrar
or transfer agent of any evidence of interest, indebtedness, property or
right shall pay the indebtedness or deliver, transfer or issue the personal
estate in accordance with the order. Upon the payment, delivery, transfer
or issuance in accordance with the order, the person or corporation is released
to the same extent as if the payment, delivery, transfer or issuance had
been made to a legally qualified representative of the decedent and is not
required to see to the application or disposition of the property, but
each person to whom a payment, delivery, transfer or
issuance is made is liable to the extent of the value thereof at the time
of distribution to any claimant or other person having a prior right and
is accountable to any representative of the decedent thereafter appointed.
If a person or corporation to whom the authenticated copy of the order
is delivered refuses to pay, deliver, transfer or issue the personal estate
as provided by this Section, it may be recovered in a civil action by or
on behalf of the person entitled to receive it upon proof of receipt of
the authenticated copy of the order by the person or corporation indebted
to or holding the personal estate or acting as registrar or transfer agent.
(Source: P.A. 81-788.)
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