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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 21-365. Deficiency judgment. If the sold property is not redeemed, a deficiency judgment shall not be taken on account of the receivership proceedings against the owner or owners of the property. In the event that income to the receiver exceeds expenditures, net income is to be deposited with the clerk of the court ordering the tax sale and shall be distributed as determined by the court ordering the appointment of the receiver.
Cite this article: FindLaw.com - Illinois Statutes Chapter 35. Revenue § 200/21-365. Deficiency judgment - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-35-revenue/il-st-sect-35-200-21-365/
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