(625 ILCS 5/8-106)
(from Ch. 95 1/2, par. 8-106)
Withdrawal by sureties from bond - Notice.
Any surety or sureties may withdraw from any such bond by serving ten
days previous notice in writing upon such owner and the Secretary of
State, either personally or by registered mail, whereupon it shall be
the duty of such owner to file another bond or insurance policy in
accordance with the provisions of this Act. Upon the expiration of said
ten days, the Secretary of State shall mark said bond "withdrawn", with
the date such withdrawal became effective, and thereupon the liability of
the sureties on such bond shall cease as to any injury or damages
sustained after the date such withdrawal became effective.
(Source: P.A. 80-1495.)