(755 ILCS 5/19-5) (from Ch. 110 1/2, par. 19-5)
Sec. 19-5.
Order of sale.) (a) The court shall provide in its order of
sale whether the sale shall be public or private.
(b) A public sale shall be for cash or wholly or partly upon credit of not
more than 12 months by taking a note with good security, as the court directs.
The court shall direct that notice of a public sale be given by either of the
following methods: (1) inserting a notice or advertisement of sale in a newspaper
published in the county where the sale is to be made not less than once nor more than
3 times, as the court directs, the first publication to be not less than 5 nor more
than 21 days before the date of sale, or (2) posting a notice or advertisement of
sale in at least 4 public places in the county where the sale is to be made for a
period specified by the court of not less than 5 nor more than 21 days before the
date of sale.
(c) If the court orders a public sale of both personal and real estate the notice
of public sale may be given as provided in Section 20-7 and both types of property
shall be included in the same publication notice.
(d) A private sale shall be for cash or wholly or partly upon credit with or without
security, as the court directs.
(e) In all public sales of personal estate the representative may employ necessary
clerks and auctioneers who shall receive such compensation as the court
deems reasonable,
to be paid as expenses of administration.
(Source: P.A. 79-328.)
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