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Illinois Statutes Chapter 30. Finance § 315/4. Replacement bond; requirements

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 4. Any replacement bond must:

(a) Be of the same form and tenor as the bond originally issued;

(b) Be executed by the same officer in the same manner and subject to the same formal requirements as those provided by law for the bond originally issued; and

(c) Bear an endorsement in substantially the following form:

“THIS BOND HAS BEEN REISSUED TO REPLACE A LOST, DESTROYED OR DEFACED BOND”.
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Cite this article: FindLaw.com - Illinois Statutes Chapter 30. Finance § 315/4. Replacement bond; requirements - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-30-finance/il-st-sect-30-315-4/

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