(205 ILCS 5/69)
(from Ch. 17, par. 381)
Voluntary dissolution; deposit with Commissioner.
If any of the liabilities of the dissolving state bank as shown by its
records which have been assumed by another bank are not presented or are
not satisfied within one year from the publication provided for in Section
68(8), then, and in such event, the bank which has assumed them may
deposit with the Commissioner a sum sufficient to meet such outstanding
liabilities which when presented to the Commissioner shall be paid by him
out of such sum. Upon making such deposit the assuming bank shall no longer
be liable on such outstanding liabilities. If such deposit is not made
within two years from the Commissioner's publication, the assuming bank
shall remain liable thereon as in the case of the other liabilities.
(Source: Laws 1965, p. 2020.)