(a) A person shall be relieved from the requirement for deposit of security required by Section 7-201 in the event there shall be filed with the Secretary of State satisfactory evidence that the person who would otherwise be required to deposit security has been released from liability. (b) A covenant not to sue shall relieve the parties thereto as to each other from the security requirements of this Article.
625 ILCS 5/7-206
Release from liability
Known as the Illinois Commercial Safety Towing Law
The act spans §§ 625-5-10-201 to 625-5-7-216 (213 sections).
P.A. 83-831.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.