Illinois Compiled Statutes
205 ILCS 620/ - Corporate Fiduciary Act.
Article VIII - Offenses and Penalties

(205 ILCS 620/Art. VIII heading)

(205 ILCS 620/8-1) (from Ch. 17, par. 1558-1)
Sec. 8-1.
False statements.
It is unlawful for any officer, director,
employee, or
agent of
any corporate fiduciary subject to examination by the Commissioner or any
person filing an application or submitting information in connection with an
application to the Commissioner to willfully and knowingly
subscribe to or make, or cause to be made, any false statement or
false entry with intent to deceive any person or persons
authorized to examine into the affairs of the corporate
fiduciary or applicant or with intent to deceive the Commissioner or his
administrative officers in the performance of their duties under
this Act. A person who violates this Section is guilty of a Class 3
felony.

(Source: P.A. 92-485, eff. 8-23-01.)

(205 ILCS 620/8-2)
Sec. 8-2.
Reliance on Commissioner.
No corporate fiduciary or other
person shall be liable under this Act for any act done or omitted in good faith
in conformity with any rule, interpretation, or opinion issued by
the Commissioner of Banks and Real Estate, notwithstanding that after the act
or omission has occurred, the rule, opinion, or interpretation upon
which
reliance is placed is amended, rescinded, or determined by judicial or other
authority to be invalid for any reason.

(Source: P.A. 90-161, eff. 7-23-97.)