(205 ILCS 5/73)
(from Ch. 17, par. 385)
Voluntary dissolution; limitation on claims.
The publication by the Commissioner of a resolution for dissolution
shall not impair any right of a depositor or creditor to payment in full of
his lawful claims nor impair any right or remedy theretofore had for the
enforcement thereof, provided, however, that all debts and demands for the
recovery of which no action shall have been commenced against the
dissolving bank on or before the termination of six years from the first
day on which the publication was made by the Commissioner shall be barred
and unenforceable after the termination of said six year period, and no
action shall thereafter be commenced therefor, and further, provided, that
this section shall not extend the time or limitation on any action that
would otherwise be earlier barred.
(Source: Laws 1965, p. 2020.)