Illinois Compiled Statutes 210 ILCS 45/3-515 – The court may terminate a receivership: …
Current as of: 2024 | Check for updates
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The court may terminate a receivership:
(a) If the time period specified in the order
(a) If the time period specified in the order
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appointing the receiver elapses and is not extended;
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(b) If the court determines that the receivership is
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no longer necessary because the conditions which gave rise to the receivership no longer exist; or the Department grants the facility a new license, whether the structure of the facility, the right to operate the facility, or the land on which it is located is under the same or different ownership; or
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(c) If all of the residents in the facility have been
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transferred or discharged.
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Before terminating a receivership, the court may order the Department to require any licensee to comply with the recommendations of the receiver made under subsection (k) of Section 3-508. A licensee may petition the court to be relieved of this requirement.
