(240 ILCS 40/5-35)

Sec. 5-35. Termination of license.

(a) Revocation of a license by the Department constitutes a termination of the license on the earlier of:

(1) the day of the revocation order;

(2) the day that a licensee voluntarily files for bankruptcy under the federal bankruptcy laws; or

(3) the day that an order for relief is entered in reference to a licensee as a consequence of a petition for involuntary bankruptcy filed under the federal bankruptcy laws.

(b) Voluntary surrender of a license by a licensee constitutes a termination of the license on the day the surrender occurs.

(c) Failure to apply for a license renewal constitutes a termination of the license on the day the license expires.

(d) Denial of a license renewal by the Department constitutes a termination of the license on the day of the order denying the license renewal.

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