Illinois Statutes

§ 64 — Expenses and fees

Illinois § 64
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 5/Illinois Banking Act.

This text of Illinois § 64 (Expenses and fees) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
205 Ill. Comp. Stat. 64 (2026).

Text

All expenses of a receivership, including reasonable receiver's and attorney's fees, approved by the Commissioner, shall be paid out of the assets of the state bank. All expenses of any preliminary or other examination into the condition of any such bank or receivership, and all expenses incident to and in connection with the possession and control of the bank and its assets for the purpose of examination, reorganization or liquidation through receivership shall be paid out of the assets of such bank. The payment herein authorized may be made by the Commissioner with monies and property of the bank in his or her possession and control and shall have priority over all claims.

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Legislative History

(Source: P.A. 83-345.)

Nearby Sections

3
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Bluebook (online)
Illinois § 64, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/64.