ILCS » Chapter 735 · Act 5
Illinois Compiled Statutes

735 ILCS 5/12-170 (2026)

(Repealed)

✓ current as of May 2026
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(735 ILCS 5/12-170)
    Sec. 12-170. (Repealed).
(Source: P.A. 82-280. Repealed by P.A. 99-744, eff. 8-5-16.)

    
Notes of Decisions
Cited in 3 cases, 2002–2015 · leading case: Wells Fargo Bank Minnesota, NA v. Envirobusiness, Inc., 2014 IL App (1st) 133575, 22 N.E.3d 125.
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Wells Fargo Bank Minnesota, NA v. Envirobusiness, Inc., 2014 IL App (1st) 133575, 22 N.E.3d 125. · cites it 3× “Additionally, case law interpreting statutes found in article XII of the Code (see 735 ILCS 5/12-170 et seq. (West 2012)) had found non-Illinois stock to be property statutorily exempt from levy.”
Wells Fargo Bank Minnesota, NA v. Envirobusiness, Inc., 2014 IL App (1st) 133575. · cites it 3× “Additionally, case law interpreting statutes found in article XII of the Code (see 735 ILCS 5/12-170 et seq. (West 2012)) had found non-Illinois stock to be property statutorily exempt from levy.”
In Re Billingsley, 290 B.R. 345 (Bankr. C.D. Ill. 2002). “There were a number of ways for Niemerg to perfect its security interest in the stock: (1) possession, see 810 ILCS 5/8 — 104(a)(1) and 810 ILCS 5/8-301(a)(l); (2) filing a financing statement, see 810 ILCS 5/9-401 and 810 ILCS 5/9-403; (3) levying against the stock, see 735…”
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