Illinois Compiled Statutes 65 ILCS 5/11-31-2.3 – If a receiver is appointed pursuant to Section 11-31-2 of this Act, …
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Terms Used In Illinois Compiled Statutes 65 ILCS 5/11-31-2.3
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
If a receiver is appointed pursuant to Section 11-31-2 of this Act, the applicant’s bond shall be excused. The court also may excuse the surety on the receiver’s bond upon a showing that the receiver is especially qualified for the appointment. Evidence of special qualifications shall include but not be limited to: (a) satisfactory past performance as a receiver; (b) prior real estate management or development experience; (c) licensure or certification in a relevant profession or occupation; or (d) specialized training as a receiver.