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(240 ILCS 40/20-25)
Sec. 20-25.
Refusal of licensee to allow liquidation.
(a) If, after a failure, the failed licensee does not
transfer control of the grain assets to the Trustee, the Director
may, in conjunction with the authority granted in this Code and in
Section 205-410 of the Department of Agriculture Law (20 ILCS
205/205-410), file a
complaint and apply to a court of competent jurisdiction for a
temporary restraining order, a preliminary injunction, or a
permanent injunction to be entered without bond to carry out the
provisions of this Code.
(b) If a party seeks relief from a court of competent
jurisdiction that would enjoin, restrain, stay, or otherwise
resist either (1) an administrative order of the Department that suspends,
revokes, or denies renewal of a license under this Code or
(2) an action brought by the Department relating to
liquidation of a licensee, the court shall require the party
requesting the relief to provide a bond as provided for in
the Code of Civil Procedure. The bond shall be in an amount
adequate to assure that all producers and depositors will be
paid while the licensee is operating following suspension,
revocation, or denial of renewal of a license under the judicial relief for
grain sold to or stored with the licensee. The bond shall be in a
minimum amount sufficient to satisfy all existing grain
obligations of the licensee for grain purchased, sold, or
stored. In setting the amount of the bond, the court shall
consider increasing the amount of the bond based upon a
consideration of other factors, including, but not limited to,
the total dollar amount of grain purchased annually by the
licensee and the value of the storage obligations of the
licensee.
(Source: P.A. 91-239, eff. 1-1-00.)
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