Sec. 5-35. Termination of license.
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/il/chapter-240/act-40/5-35A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5-35. Termination of license.
(a)Revocation of a license by the Department constitutes a termination of the license on the earlier of:
(1)the day of the revocation order;
(2)the day that a licensee voluntarily files for bankruptcy under the federal
bankruptcy laws; or
(3)the day that an order for relief is entered in reference to a licensee as a
consequence of a petition for involuntary bankruptcy filed under the federal bankruptcy laws.
(b)Voluntary surrender of a license by a licensee constitutes a termination of the license on the day the surrender occurs.
(c)Failure to apply for a license renewal constitutes a termination of the license on the day the license expires.
(d)Denial of a license renewal by the Department constitutes a termination of the license on the day of the order denying the license renewal.