Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

205 ILCS 635/6-3

(205 ILCS 635/6-3) (from Ch. 17, par. 2326-3)

Sec. 6-3.

Appointment of receiver or conservator.

When the Commissioner makes
a finding that a receivership or conservatorship is necessary to protect
consumers of a licensee from the consequences of the licensee's failures to
comply with this Act or other unsafe and unsound practices, the Commissioner
shall request the Attorney General of this State to petition the Circuit Court
of Cook County, or of the county in which the licensee is located, to appoint a
receiver or conservator for purposes of protecting consumers and resolving the
affairs of the licensee.

(Source: P.A. 87-1098.)