Illinois General Assembly - Illinois Compiled Statutes

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205 ILCS 405/15.1a

(205 ILCS 405/15.1a) (from Ch. 17, par. 4826)

Sec. 15.1a.

If the Secretary determines that a business in
receivership should be liquidated, he shall direct the Attorney General
to file a complaint in the Circuit Court of the county in which such
community currency exchange is located, in the name of the People of the
State of Illinois, for the orderly liquidation and dissolution of the
community currency exchange and for an injunction restraining the
licensee or the officers and directors thereof from continuing the
operation of the community currency exchange.

The receiver shall, 30 days from the day the Secretary determines that
the business should be liquidated, file with the Secretary and with the
clerk of such court as has charge of the liquidation, a correct list of
all creditors who have not presented their claims. The list shall show
the amount of the claim after allowing all just credits, deductions and
set-offs as shown by the books of the currency exchange. These claims
shall be deemed proven unless objections are filed by some interested
party within the time fixed by the Secretary or court that has charge of
the liquidation.

(Source: P.A. 97-315, eff. 1-1-12.)