Illinois General Assembly - Illinois Compiled Statutes

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760 ILCS 45/8

(760 ILCS 45/8)

Sec. 8.

Reliance on Commissioner of Banks and Real Estate.

No 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interpretation upon which reliance is placed is amended, rescinded, or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.)