(770 ILCS 70/5) (from Ch. 82, par. 505)
Sec. 5.
Forfeiture or Failure of Title.
Forfeiture of a leasehold
estate or a judicial finding or abandonment shall not impair any lien as to
proceeds of production, material, equipment, fixtures and appurtenances
located thereon and to which said lien has attached prior to forfeiture or
abandonment or a judicial finding thereof. Failure of an equitable
interest to become legal title or nonfulfillment of a condition subsequent
on which a legal interest is contingent does not impair a lien on proceeds
of production, material, equipment, fixtures and appurtenances, or an
improvement located on the land covered by the equitable interest if the
lien attached to the proceeds of production, material, equipment, fixtures
and appurtenances or improvement before the failure.
(Source: P.A. 86-377.)
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