Illinois Compiled Statutes 205 ILCS 205/7003 – Deposit accounts subject to liens
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Terms Used In Illinois Compiled Statutes 205 ILCS 205/7003
- Lien: A claim against real or personal property in satisfaction of a debt.
Every deposit account shall be subject to a lien for the payment of charges as lawfully may accrue thereon under the provisions of this Act, and the bylaws may prescribe the manner of enforcing the lien; but no deposit account shall be assessable for any debts or losses of the savings bank.