(210 ILCS 40/9) (from Ch. 111 1/2, par. 4160-9)
Sec. 9.
At any time the Director receives notice from the escrow agent
that the provisions of Section 7 have not been complied with, or at any
other time when the Director has reason to believe that the provider is
insolvent, is in imminent danger of becoming insolvent or that its condition
is such that it may be financially unable to fully perform its obligations
pursuant to life care contracts,
the Director shall,
through the Attorney General, file an appropriate action on behalf of the
State of Illinois and any or all residents in any court of competent jurisdiction,
including the federal bankruptcy court or any other federal court.
(Source: P.A. 82-547.)
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