Illinois Statutes
§ 6-12
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 620/ Corporate Fiduciary Act.·Art. Article VI - Receiver and Involuntary Liquidation
The receiver shall serve at the pleasure of the Commissioner and upon the death, inability to act, resignation or removal by the Commissioner of a receiver, the Commissioner may appoint a successor and upon such appointment all rights and duties of the predecessor shall at once devolve upon such appointee.
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Legislative History
(Source: P.A. 85-1402.)
Nearby Sections
15
§ 6
Fiscal Year§ 6-1
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§ 6-11§ 6-12
§ 6-12§ 6-13
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Pledging requirements§ 6-14
§ 6-14§ 6-15
§ 6-15§ 6-5
§ 6-5§ 6-6
§ 6-6§ 6-7
§ 6-7