Illinois Compiled Statutes 240 Warehouses: Article 25 - Claims Procedures

• Illinois Grain Code. - 240 ILCS 40, Section 25-5
  Adjudication of claims. When a licensee has experienced a failure, the Department shall process the claims in the following manner: (a) The Department shall publish...
• Illinois Grain Code. - 240 ILCS 40, Section 25-10
  Claimant compensation. Within 30 days after the day on which a claim becomes a valid claim, a claimant shall be compensated to the extent...
• Illinois Grain Code. - 240 ILCS 40, Section 25-15
  Equity asset secured party or lien holder. To the extent an applicable secured party or lien holder consents to the Department liquidating and collecting...
• Illinois Grain Code. - 240 ILCS 40, Section 25-20
  Priorities and repayments. (a) All valid claims shall be paid from the Trust Account, as provided in Section 25-10, first from the proceeds realized from...

Last modified: February 18, 2015