(65 ILCS 5/11-31-2.3) (from Ch. 24, par. 11-31-2.3)
Sec. 11-31-2.3.
If a receiver is appointed pursuant to Section
11-31-2 of this Act, the applicant's bond shall be excused. The
court also may excuse the surety on the receiver's bond upon a
showing that the receiver is especially qualified for the
appointment. Evidence of special qualifications shall include
but not be limited to: (a) satisfactory past performance as a
receiver; (b) prior real estate management or development
experience; (c) licensure or certification in a relevant profession
or occupation; or (d) specialized training as a receiver.
(Source: P.A. 85-634.)
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