(205 ILCS 5/59)
(from Ch. 17, par. 371)
Notice of receivership.
Upon appointing a receiver, other than the Federal Deposit Insurance
Corporation, and upon the filing of a complaint for the
dissolution or winding up of the affairs of a state bank, the Commissioner
shall cause notice to be given in such newspaper as he directs once each
week for twelve consecutive weeks calling on all persons who may have
claims against such bank to present the same to such receiver and to make
legal proof thereof and notifying all such persons and all to whom it may
concern of the filing of a complaint for the dissolution or winding up of
the affairs of the bank and stating the name and location of said court.
All persons who may have claims against such bank and the receiver to whom
such persons have presented their claims may present them to the clerk of
such court, and the allowance or disallowance of such claims by said court
in connection with such proceedings shall be deemed an adjudication in a
court of competent jurisdiction.
(Source: P.A. 89-364, eff. 8-18-95.)