(15 ILCS 520/10) (from Ch. 130, par. 29)
Sec. 10.
The State Treasurer may enter into agreement in conformity
with this Act with any bank or savings and loan association
relating to
the deposit of securities. Such agreement may authorize the holding
by such bank or savings and loan association of such securities in custody
and safekeeping solely under the instructions of the State Treasurer either
(a) in the office of such bank or savings and loan
association, or under the custody and safekeeping of another bank or
savings and loan association in this State for the
depository bank or savings and loan association, or (b) if the securities
to be deposited are held in custody and safekeeping for such bank or savings
and loan association by a bank or a depository trust company
in New York City, then in such New York bank or depository trust company.
(Source: P.A. 83-541.)
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