(820 ILCS 405/2400) (from Ch. 48, par. 720)
Sec. 2400.
Lien upon
assets of employer-Commencement-Limitation.
A lien is hereby created in favor of the Director upon all the real and
personal property or rights thereto owned or thereafter acquired by any
employer from whom contributions, interest or penalties are or may
hereafter become due. Such lien shall be for a sum equal to the amount at
any time due from such employer to the Director on account of
contributions, interest and penalties thereon. Such lien shall attach to
such property at the time such contributions, interest or penalties became,
or shall hereafter become due. In all cases where a report setting forth
the amount of such contributions has been filed with the Director, no
action to foreclose such lien shall be brought after 3 years from the date
of the filing of such report and in all other cases no action to foreclose
such lien shall be brought after 3 years from the date that the
determination and assessment of the Director made pursuant to the
provisions of this Act became final.
(Source: Laws 1965, p. 1792.)
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