765 ILCS 110/ Building and Loan Deed Validation Act.

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765 ILCS 110/0.01

(765 ILCS 110/0.01) (from Ch. 17, par. 3642.9)

Sec. 0.01.

Short title.

This Act may be cited as the

Building and Loan Deed Validation Act.

(Source: P.A. 86-1324.)

765 ILCS 110/1

(765 ILCS 110/1) (from Ch. 17, par. 3643)

Sec. 1.

When any association heretofore organized under any law of this
state providing for the incorporation of building, loan and homestead
associations has gone into voluntary liquidation under any law of this
state and there has heretofore been filed in the office of the Recorder of
Deeds of the county in which such association was located the certificate
of the Auditor of Public Accounts declaring such association to be in
voluntary liquidation, every delivered deed of conveyance of real estate or
interest in real estate in the name of such association as grantor
heretofore executed, attested and acknowledged by the officers of its
liquidating committee or by the officers of such association designated by
the resolution of liquidation adopted at a meeting of its shareholders to
execute or attest such deeds, is hereby validated and declared effective to
have conveyed to the grantee therein all or so much of the title and
interests of such association in and to the real estate described therein
as such conveyance purported to convey, notwithstanding that such deed was
not executed and acknowledged by all of its qualified liquidators. This
Act is applicable only to building, loan and homestead associations which
were fully liquidated on or before the effective date of this Act.

(Source: Laws 1947, p. 676.)