Illinois Statutes
§ 1-3007 — Adjustment of property and debts
Illinois·Topic GOVERNMENT·Ch. 55 COUNTIES·Act 55 ILCS 5/ Counties Code.·Art. Article 1 - General Provisions
All the property, both real and personal, and all debts, liabilities and choses in action of every kind, belonging to the county or counties from which such new county was formed, shall be divided by the several county boards of the counties interested, between the county or counties from which such new county is formed and the new county, in proportion to the assessed value of property for the last preceding year which has been taken from such original county or counties and carried to such new county; and if such boards cannot agree upon such division, they may refer the matter of difference to arbitrators, or the rights to such property may be settled by a civil action filed by either party for that purpose. In case the property cannot be divided or removed, the county receiving the sam
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 1-3007 (Adjustment of property and debts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 86-962.)
Nearby Sections
15
§ 1
§ 1§ 1-1001
Short title§ 1-1002
Boundaries§ 1-1003
Jurisdiction over rivers§ 1-1004
Jurisdiction over Lake Michigan§ 1-2002
Notice of election§ 1-2003
Form of ballots; effect of vote§ 1-2004
Restriction§ 1-2005
Adjustment of debts§ 1-2006
Territory released§ 1-3001
Petition to form new county§ 1-3002
Election; effect