Illinois General Assembly - Bill Status for HB5311

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

Date	Chamber	Action
2/9/2024	House	Filed with the Clerk by Rep. Daniel Didech
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee
2/28/2024	House	Assigned to Judiciary - Civil Committee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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