210 ILCS 46/3-515

in effect

(210 ILCS 46/3-515) Sec. 3-515. Termination of receivership. The court may terminate a receivership: (a) If the time period specified in the order appointing the receiver elapses and is not extended; (b) If the court determines that the receivership is no longer necessary because the conditions which gave rise to the receivership no longer exist; or the Department grants the facility a new license, whether the structure of the facility, the right to operate the facility, or the land on which it is located is under the same or different ownership; or (c) If all of the residents in the facility have been transferred or discharged. Before terminating a receivership, the court may order the Department to require any licensee to comply with the recommendations of the receiver made under subsection (k) of Section 3-508. A licensee may petition the court to be relieved of this requirement. (Source: P.A. 99-180, eff. 7-29-15.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026