Illinois General Assembly - Bill Status for HB5311
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 Bill Status of HB5311  103rd General Assembly


Short Description:  ILLINOIS RECEIVERSHIP ACT

House Sponsors
Rep. Daniel Didech

Last Action
DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules 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. Requires the 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 and personal property and fixtures. Exempts an interest in real property improved by one to four dwelling units with some exceptions. Provides that the Act does not apply to a receiver appointed under the Illinois Mortgage Foreclosure Law.

Actions 
DateChamber Action
  2/9/2024HouseFiled with the Clerk by Rep. Daniel Didech
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Judiciary - Civil Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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