Sec. 197. Rights, powers, and duties ancillary to domiciliary proceeding.
73 words·~1 min read·
/il/chapter-215/act-5/197A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 197. Rights, powers, and duties ancillary to domiciliary proceeding.
The rights, powers, and duties of the Director as conservator, rehabilitator, or liquidator, with reference to the assets of a foreign or alien company, whether authorized or unauthorized, shall be ancillary to the rights, powers and duties imposed upon any receiver or other person, if any, in charge of the property, business and affairs of such company in its domiciliary state or country.