Illinois Compiled Statutes 205 ILCS 620 Corporate Fiduciary Act. Section 6-3

    (205 ILCS 620/6-3) (from Ch. 17, par. 1556-3)

    Sec. 6-3. The Commissioner may take possession and control of a corporate fiduciary, its assets, and assets held for the beneficiaries of its fiduciary obligations by posting upon the premises of each office at which it transacts its business as a corporate fiduciary a notice reciting that he is assuming possession pursuant to this Act, and the time when his possession shall be deemed to commence.

(Source: P.A. 85-858.)

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Last modified: February 18, 2015