Illinois General Assembly - Illinois Compiled Statutes

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205 ILCS 405/15.1d

(205 ILCS 405/15.1d) (from Ch. 17, par. 4829)

Sec. 15.1d.

At the close of a receivership, the receiver shall turn over to
the Secretary all books of account and ledgers of such currency exchange for
preservation. All records of such receiverships heretofore and hereafter
received by the Secretary shall be held by him or her for a period of 2 years after
the close of the receivership and at the termination of the 2 year period
may then be destroyed.

All expenses of the receivership, including reasonable receiver's and attorney's
fees approved by the Secretary, and all expenses
of any preliminary or other examinations into the condition of the
community currency exchange or receivership, and all expenses incident to
the possession and control of any property or records of the community
currency exchange incurred by the Secretary shall be paid out of the assets
of the community currency exchange. The foregoing expenses shall be paid
prior to and ahead of all claims.

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