205 ILCS 405/15.1d
At the close of a receivership, the receiver shall turn over to the Secretary all books of account and ledgers of such currency exchange for preservation
Illinois · Illinois Compiled Statutes 205 ILCS 405 — Currency Exchange Act. · Status: effective
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- Citation
- 205 ILCS 405/15.1d, At the close of a receivership, the receiver shall turn over to the Secretary all books of account and ledgers of such currency exchange for preservation, Illinois, version 1 as recorded 2026-08-14, yourstate.us, https://yourstate.us/provision/1283409
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Full text
At the close of a receivership, the receiver shall turn over to the Secretary all books of account and ledgers of such currency exchange for preservation. All records of such receiverships heretofore and hereafter received by the Secretary shall be held by him or her for a period of 2 years after the close of the receivership and at the termination of the 2 year period may then be destroyed. All expenses of the receivership, including reasonable receiver's and attorney's fees approved by the Secretary, and all expenses of any preliminary or other examinations into the condition of the community currency exchange or receivership, and all expenses incident to the possession and control of any property or records of the community currency exchange incurred by the Secretary shall be paid out of the assets of the community currency exchange. The foregoing expenses shall be paid prior to and ahead of all claims. (Source: P.A. 97-315, eff. 1-1-12.)