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Illinois Statutes Chapter 205. Financial Regulation § 620/6-12. Successor receiver

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 6-12. 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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Cite this article: FindLaw.com - Illinois Statutes Chapter 205. Financial Regulation § 620/6-12. Successor receiver - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-205-financial-regulation/il-st-sect-205-620-6-12/

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