Illinois Compiled Statutes 240 ILCS 40 Grain Code. Section 30-20

    (240 ILCS 40/30-20)

    Sec. 30-20. Recovery of funds. Amounts paid from the Fund in satisfaction of a valid claim constitute a debt and obligation of the licensee against whom the claim was made. On behalf of the Fund, the Director may bring suit, file a claim, or intervene in any legal proceeding to recover from a failed licensee, or upon any collateral and guarantees relating to the failed licensee, the amount of the payment made from the Fund together with interest at 6% per annum and all expenses, costs, and attorneys' fees incurred by the Department in its efforts to recover assets for the Fund in reference to the failed licensee.

(Source: P.A. 89-287, eff. 1-1-96.)

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Last modified: February 18, 2015