(760 ILCS 100/15.2) (from Ch. 21, par. 64.15-2)
Sec. 15.2.
A licensee may surrender any license by delivering to the Comptroller
written notice that he thereby surrenders such license but such surrender
shall not affect such licensee's civil or criminal liability for acts
committed prior to such surrender, or affect his bond. The Comptroller
shall not permit a license to be surrendered by a licensee unless and until
such licensee has furnished to the Comptroller satisfactory evidence of his
release and discharge from all trust liabilities and obligations and unless
and until the care funds of such licensee have been transferred to a
successor licensee who shall be licensed by the Comptroller in conformity
with the provisions of this Act.
However, the Comptroller shall accept the surrender of a license held by
a cemetery authority that is a cemetery association or corporation owning,
operating or controlling a cemetery not for profit, whose cemetery has been
conveyed to and accepted by any city, village, incorporated town, township
or county, upon: (a) the licensee submitting to the Comptroller a copy of
the act, resolution or ordinance under which the political subdivision
accepted or is charged with the responsibility of operating and controlling
the cemetery; (b) the making and filing with and approval by the
Comptroller of a final account for care funds from the date of last report
made by the licensee to the Comptroller to the date of transfer to the
successor cemetery authority; (c) the furnishing of a copy of the
instrument of appointment or certificate of election of trustees of the
public graveyard or managers of the municipal cemetery authorized to hold
care funds or trust funds for care, and the receipt of such trustees of the
public graveyard or managers of the municipal cemetery for the care funds
investments listed in the final account; and (d) the return of the Cemetery
Authority License to the Comptroller for cancellation. Upon satisfactory
performance of the foregoing by a licensee, the same shall be deemed
satisfactory evidence of the licensee's release and discharge from all
trust liabilities and obligations and transfer of the licensee's care funds
to an authorized successor within the meaning and intent of this Act.
(Source: P.A. 78-592.)
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