(225 ILCS 460/16) (from Ch. 23, par. 5116)
Sec. 16.
(a) Any person who intentionally in breach of fiduciary duty
misuses charitable assets is subject to punitive damages in an appropriate
amount upon a trial on the issue.
(b) Upon an application to a court of competent jurisdiction,
in which the Attorney General alleges that a charitable trust needs to be
protected or the trustees of a charitable organization or trust have
engaged in a breach of fiduciary duty toward the organization, and he seeks
injunctive relief and removal of such trustees, the Court may, as part of
the injunctive relief, and after a hearing where such trustees shall have
an opportunity to be heard, appoint temporarily or permanently a receiver
or additional trustees to protect and operate the organization and may
temporarily, or as ultimate relief for breach of duty or to protect the
trust, permanently remove any charitable organization's trustees, corporate
officers, directors and members from office and appoint replacements to
protect the public interest.
(Source: P.A. 87-755.)
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