Illinois General Assembly - Illinois Compiled Statutes

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760 ILCS 100/15a

(760 ILCS 100/15a) (from Ch. 21, par. 64.15a)

Sec. 15a.

Where any cemetery authority owning, operating, controlling or
managing a privately operated cemetery or any trustee for the same has
accepted care funds within the meaning of this Act, and dissolution is
sought by such cemetery authority in any manner, by resolution of such
cemetery authority, or the trustees thereof, notice shall be given to the
Comptroller of such intention to dissolve, and proper disposition shall be
made of the care funds so held for the general benefit of such lot owners
by or for the benefit of such cemetery authority, as provided by law, or in
accordance with the trust provisions of any gift, grant, contribution,
payment, legacy or pursuant to any contract whereby such funds were
created. The Comptroller represented by the Attorney General may apply to
the circuit court for the appointment of a receiver, trustee, successor in
trust, or for directions of such court as to the proper disposition to be
made of such care funds, to the end that the uses and purposes for which
such trust or care funds were created may be accomplished.

(Source: P.A. 87-747; 88-477.)