Illinois Statutes
§ 66 — Validation of dividends; destruction of records
Illinois § 66
This text of Illinois § 66 (Validation of dividends; destruction of records) 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. 66 (2026).
Text
In all cases where the Commissioner prior to the taking effect of this Act has made ratable dividends of money on claims which have been proven to the satisfaction of the Commissioner or adjudicated in any court of this State, such dividends are hereby ratified and confirmed and made valid and legal in all respects. All records of receiverships heretofore and hereafter received by the Commissioner or by a receiver appointed by the Commissioner shall be held by the Commissioner or such receiver for the period of 2 years after the close of the receivership and at the termination of said 2 year period may then be destroyed.
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Legislative History
(Source: P.A. 86-754.)
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 66, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/66.