# 15 ILCS 505/0.06: Section 0.06

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.06

## Section

- **Citation:** 15 ILCS 505/0.06
- **Heading:** Section 0.06
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 15 / Act 505 / Section 0.06

## Text

(15 ILCS 505/0.06) Sec. 0.06. Savings provisions. (a) The rights, powers, duties, and functions transferred to the State Treasurer or the Commissioner of Banks and Real Estate by this amendatory Act of 1999 shall be vested in and exercised by the State Treasurer or the Commissioner of Banks and Real Estate subject to the provisions of this amendatory Act of 1999. An act done by the State Treasurer or the Commissioner of Banks and Real Estate or an officer, employee, or agent of the State Treasurer or the Commissioner of Banks and Real Estate in the exercise of the transferred rights, powers, duties, or functions shall have the same legal effect as if done by the Department of Financial Institutions or an officer, employee, or agent of the Department of Financial Institutions prior to the effective date of this amendatory Act of 1999. (b) The transfer of rights, powers, duties, and functions to the State Treasurer or the Commissioner of Banks and Real Estate under this amendatory Act of 1999 does not invalidate any previous action taken by or in respect to the Department of Financial Institutions or its officers, employees, or agents. References to the Department of Financial Institutions or its officers, employees or agents in any document, contract, agreement, or law shall, in appropriate contexts, be deemed to refer to the State Treasurer or the Commissioner of Banks and Real Estate or the officers, employees, or agents of the State Treasurer or the Commissioner of Banks and Real Estate. (c) The transfer of rights, powers, duties, and functions from the Department of Financial Institutions to the State Treasurer or the Commissioner of Banks and Real Estate under this amendatory Act of 1999 does not affect the rights, obligations, or duties of any other person or entity, including any civil or criminal penalties applicable thereto, arising out of those transferred rights, powers, duties, and functions. (d) With respect to matters that pertain to a right, power, duty, or function transferred to the State Treasurer under this amendatory Act of 1999: (1) Beginning July 1, 1999, any report or notice that was previously required to be made

## Nearby sections

- [15 ILCS 505/0.01 Section 0.01](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.01.md)
- [15 ILCS 505/0.02 Section 0.02](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.02.md)
- [15 ILCS 505/0.03 Section 0.03](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.03.md)
- [15 ILCS 505/0.04 Section 0.04](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.04.md)
- [15 ILCS 505/0.05 Section 0.05](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.05.md)
- [15 ILCS 505/0.06 Section 0.06](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.06.md)
- [15 ILCS 505/1 Section 1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S1.md)
- [15 ILCS 505/2 Section 2](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S2.md)
- [15 ILCS 505/3 Section 3](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S3.md)
- [15 ILCS 505/4 Section 4](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S4.md)
- [15 ILCS 505/5 Section 5](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S5.md)
- [15 ILCS 505/6 Section 6](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S6.md)
- [15 ILCS 505/7 Section 7](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S7.md)
- [15 ILCS 505/8 Section 8](https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S8.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C15_A505_S0.06. Check the current official text before relying on it. Not legal advice.