Sec. 3-515. Termination of receivership.
144 words·~1 min read·
/il/chapter-210/act-47/3-515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 3-515. Termination of receivership. The court may terminate a receivership:
(a)If the time period specified in the order appointing the receiver elapses and is not extended;
(b)If the court determines that the receivership is no longer necessary because the conditions which gave rise to the receivership no longer exist; or the Department grants the facility a new license, whether the structure of the facility, the right to operate the facility, or the land on which it is located is under the same or different ownership; or
(c)If all of the residents in the facility have been transferred or discharged. Before terminating a receivership, the court may order the Department to require any licensee to comply with the recommendations of the receiver made under subsection
(k)of Section 3-508. A licensee may petition the court to be relieved of this requirement.