Illinois General Assembly - Bill Status for HB0028
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB0028  104th General Assembly


Short Description:  ILLINOIS RECEIVERSHIP ACT

House Sponsors
Rep. Daniel Didech

Hearings
Judiciary - Civil Committee Hearing Feb 19 2025 8:00AM Capitol Building Room 114 Springfield, IL


Last Action
DateChamber Action
  2/4/2025HouseAssigned to Judiciary - Civil Committee

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Illinois Receivership Act. Creates a process in which a person is appointed by the court as the court's agent under the court's direction to take possession of, manage and, if authorized by the Act or court order, transfer, sell, lease, or otherwise dispose of receivership property. Provides criteria for a court to provide notice and opportunity for a hearing as appropriate before the court can issue an order under the Act. Applies to real property and any personal property related to or used in operating the real property, personal property and fixtures, and other business assets such as corporations, limited liability companies and trusts among other things. Provides that this Act does not apply to (i) an interest in real property improved by one to six dwelling units with some exceptions; (ii) a receiver that is a governmental unit or an individual acting in an official capacity on behalf of the governmental unit unless the unit elects for this Act to apply; and (iii) a receiver appointed under the Illinois Mortgage Foreclosure Law. Defines terms. Provides for the powers and duties of a receiver, disqualification of a receiver, the status of a receiver as lien holder, duties of an owner, powers of the court in managing a receivership, and defenses and immunities of a receiver. Makes other changes.

Actions 
DateChamber Action
  12/5/2024HousePrefiled with Clerk by Rep. Daniel Didech
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  2/4/2025HouseAssigned to Judiciary - Civil Committee

Back To Top