reglab/housing_qa huggingface dataset:
205 ILCS 620/5-10.5
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article V - Supervision of Corporate Fiduciaries and Powers of the Commissioner

Sec. 5-10.5. Disclosure of records. A corporate fiduciary may not  disclose to any person, except to the customer or the customer's duly  authorized agent, any records pertaining to the fiduciary relationship between  the corporate fiduciary and the customer unless:(1) the instrument or court order establishing the     fiduciary relationship permits the record to be disclosed under the circumstances;(2) applicable law authorizes the disclosure;(3) disclosure by the corporate fiduciary is     necessary to perform a transaction or act that is authorized by the instrument or court order establishing the fiduciary relationship; or(4) Section 48.1 of the Illinois Banking Act would     permit a bank to disclose the record to the same extent under the circumstances.For purposes of this Section, "customer" means the person or individual who  contracted to establish the fiduciary relationship or who executed any  instrument or document from which the fiduciary relationship was established, a  person authorized by the customer to provide such direction or, if the  instrument, law, or court order so permits, the beneficiaries of the fiduciary  relationship.  (Source: P.A. 99-642, eff. 7-28-16.)
205 ILCS 620/5-11
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article V - Supervision of Corporate Fiduciaries and Powers of the Commissioner

(205 ILCS 620/5-11) (from Ch. 17, par. 1555-11)Sec. 5-11.         A corporate fiduciary shall be reimbursed for costs which  are reasonably necessary and which have been directly incurred in searching  for, reproducing or transporting books, papers, records or other data of a  customer required or requested to be produced pursuant to a lawful  subpoena, summons, warrant or court order.  The Commissioner shall  determine the rates and conditions under which payment may be made.    (Source: P.A. 85-1402.)
205 ILCS 620/Art. VI heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 ARTICLE VI.      RECEIVER AND INVOLUNTARY LIQUIDATION
205 ILCS 620/6-1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-1)Sec. 6-1.     Exclusive remedy.     The proceedings pursuant to  this Article 6 shall be the exclusive remedy and the only  proceedings commenced in any court for the dissolution or for the  winding up of the affairs or for the appointment of a receiver  for any corporate fiduciary.    (Source: P.A. 85-858.)
205 ILCS 620/6-2
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-2)Sec. 6-2.     Control by Commissioner.(a) If the Commissioner with respect to a  corporate fiduciary shall find:(1) Its capital is impaired or it is otherwise in an     unsound condition; or(2) Its business is being conducted in an unlawful     manner, including, without limitation, in violation of any provisions of this Act or of an order of the Commissioner, or in a fraudulent or unsafe manner; or(3) It is unable to continue operations; or(4) Its examination has been obstructed or impeded;     the Commissioner may give notice to the board of directors of the corporate fiduciary of his finding or findings.  If the situation so found by the Commissioner shall not be corrected to his satisfaction within 60 days after receipt of such notice, the Commissioner at the termination of said 60 days may take possession and control of the corporate fiduciary, its assets, and assets held for beneficiaries of its fiduciary obligations, as in this Act provided for the purpose of examination, reorganization or liquidation through receivership.(b) If, in addition to a finding as provided in subsection  (a) of this Section, the Commissioner shall be of the opinion and  shall find that an emergency exists which may result in serious  losses to the beneficiaries of fiduciary relationships with the  corporate fiduciary, he may, in his discretion, without having  given the notice provided for in subsection (a) of this Section,  and whether or not proceedings under subsection (a) of this  Section have been instituted or are then pending, forthwith take  possession and  control of the corporate fiduciary and its assets  for the purpose of examination, reorganization or liquidation  through receivership.    (Source: P.A. 92-483, eff. 8-23-01.)
205 ILCS 620/6-3
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-3)Sec. 6-3.         The Commissioner may take possession and  control of a corporate fiduciary, its assets, and assets held for  the beneficiaries of its fiduciary obligations by posting upon  the premises of each office at which it transacts its business as  a corporate fiduciary a notice reciting that he is assuming  possession pursuant to this Act, and the time when his possession  shall be deemed to commence.    (Source: P.A. 85-858.)
205 ILCS 620/6-5
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-5)Sec. 6-5.         When the Commissioner has taken possession and  control of a corporate fiduciary and its assets, he shall be  vested with the full powers of management and control, including  but not limited to, the following:(1) The power to continue or to discontinue the business;(2) The power to stop or to limit the payment of its  obligations;(3) The power to collect and to use its assets and to give  valid receipts and acquittances therefor;(4) The power to employ and to pay any necessary  assistants;(5) The power to execute any instrument in the name of the  corporate fiduciary;(6) The power to commence, defend and conduct in its name  any action or proceeding in which it may be a party;(7) The power, upon the order of the court, to sell and  convey its assets in whole or in part, and to sell or compound  bad or doubtful debts upon such terms and conditions as may be  fixed in such order;(8) The power, upon the order of the court, to make and to  carry out agreements with other corporate fiduciaries, financial  institutions or with the United States or any agency thereof, for  the payment or assumption of the corporate fiduciaries  liabilities, in whole or in part, and to transfer assets and to  make guaranties, in whole or in part, and to transfer assets and  to make guaranties in connection therewith;(9) The power, upon the order of the court, to borrow money  in the name of the corporate fiduciary and to pledge its assets  as security for the loan;(10) The power to terminate his possession and control by  restoring the corporate fiduciary to its board of directors;(11) The power to reorganize the corporate fiduciary as  provided in this Act;(12) The power to appoint a receiver which may be the  Office of the Commissioner, a corporate fiduciary or another suitable  person and to order liquidation of the corporate  fiduciary as provided in this Act; and(13) The power, upon the order of the court and without the  appointment of a receiver, to determine that the corporate  fiduciary has been closed for the purpose of liquidation without  adequate provision being made for payment of its fiduciary  obligations, and thereupon the corporate fiduciary shall be  deemed to have been closed on account of inability to meet its  obligations to its beneficiaries.    (Source: P.A. 86-754.)
205 ILCS 620/6-6
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-6)Sec. 6-6.         Upon taking possession, the Commissioner shall  make an examination of the condition of the corporate fiduciary,  an inventory of the assets and unless the time shall be extended  by order of the court or, unless the Commissioner shall have  otherwise settled the affairs of a corporate fiduciary pursuant  to the provisions of this Act, within 30 days from the time  of taking possession and control of the corporate fiduciary for  the purpose of examination, reorganization or liquidation through  receivership, the Commissioner shall either terminate his  possession and control by restoring the corporate fiduciary to  its board of  directors or appoint a receiver which may be the Office of the  Commissioner, a corporate fiduciary or another suitable person and order  the liquidation of the corporate  fiduciary as provided in this Act.  All necessary and reasonable expenses of the Commissioner's  possession and control and of its reorganization shall be a  priority claim and shall be borne by the corporate fiduciary and  may be paid by the Commissioner from its own assets as  distinguished from those of beneficiaries of fiduciary relations.    (Source: P.A. 86-754.)
205 ILCS 620/6-7
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-7)Sec. 6-7.         If the Commissioner takes possession and  control of a corporate fiduciary and its assets, or appoints  a receiver which may be the Office of the Commissioner, a corporate  fiduciary or another suitable person for the purpose of  so doing, any period of  limitation fixed by a statute or agreement which would otherwise expire  on a claim or right of action of the corporate  fiduciary, on its own  behalf or on behalf of a beneficiary in any of its fiduciary capacities, or  upon  which an appeal must be taken or a pleading or other document  must be filed by the corporate fiduciary in any pending action or  proceeding shall be tolled until 6 months after the commencement  of such possession and no judgment, lien, levy, attachment or  other similar legal process shall be enforced upon or satisfied  in whole or in part from any asset of the corporate  fiduciary or from  any asset of a beneficiary of any of its fiduciary capacities while  it is in the possession of the Commissioner or receiver, except upon  the order of the court.    (Source: P.A. 86-754.)
205 ILCS 620/6-7.1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-7.1)Sec. 6-7.1.         If the Commissioner appoints a  receiver to take  possession and control of the assets of the beneficiaries of such fiduciary  relations, for the purpose of holding such assets as fiduciary for the  benefit of such beneficiaries pending the winding up of the affairs of the  corporate fiduciary being liquidated and the appointment of a successor  fiduciary or fiduciaries for such beneficiaries, any period of limitation  fixed by statute, rule of court or agreement which would otherwise expire on  a claim or right of action in favor of or against the beneficiary of such  fiduciary relations, or upon which an appeal must be taken or a pleading or  other document which must be filed by a corporate fiduciary on behalf of a  beneficiary in any pending action or proceeding shall be tolled for a  period of 6 months after the appointment of a receiver, and no judgment,  lien, levy, attachment or other similar legal process shall be enforced  upon or satisfied in whole or in part from any asset of the beneficiary of  such fiduciary relations while it is in the possession of such receiver,  except upon the order of the court.    (Source: P.A. 86-754.)
205 ILCS 620/6-8
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-8)Sec. 6-8.         The Commissioner, while in possession and  control of a corporate fiduciary may propose a reorganization  plan, which plan may be amended from time to time because of  changes in circumstances, if he finds:(1) The plan is feasible and fair to all classes of  beneficiaries, creditors and stockholders.(2) The face amount of the interest accorded to any class  of creditors or stockholders under the plan does not exceed the  value of the assets upon liquidation less the full amount of the  claims of all prior classes, subject, however, to any fair  adjustment for new capital that any class will pay in under the  plan.(3) The plan assures the removal of any director, officer  or employee responsible for any unsound or unlawful action or the  existence of an unsound condition.(4) Any merger or consolidation provided by the plan  conforms to the requirements of this Act.(5) Any reorganized corporate fiduciary provided by the plan  conforms to the requirements of this Act for the organization of  a corporate fiduciary.    (Source: P.A. 85-1402.)
205 ILCS 620/6-9
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-9)Sec. 6-9.         If the Commissioner determines at any time  that no reasonable possibility exists for the corporate fiduciary  to be reorganized after reasonable efforts have been made, and  that it should be liquidated through receivership, he shall  appoint a receiver.  The Commissioner may require of the receiver  such bond and security as the Commissioner deems proper.  The  Commissioner, represented by the Attorney General, shall file a  complaint for the dissolution or winding up of the affairs of such  corporate fiduciary in a court of the county where the principal office of  such corporate fiduciary is located and shall cause notice to be given  in a newspaper of general circulation once each week for four  consecutive weeks that persons who may have claims against the  corporate fiduciary present them to the receiver and to make  legal proof thereof and notifying all such persons and all to  whom it may concern of the filing of a complaint for the  dissolution or winding up of the affairs of the corporate  fiduciary and stating the name and location of said court.  All  persons who may have claims against the assets of such corporate fiduciary, as  distinguished from the assets of the beneficiaries of such fiduciary relations, and  the receiver to whom such persons have presented their claims may  present them to the clerk of such court, and the allowance or  disallowance of such claims by said court in connection with such  proceedings shall be deemed an adjudication in a court of  competent jurisdiction.    (Source: P.A. 86-754.)
205 ILCS 620/6-12
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-12)Sec. 6-12.         The receiver shall serve at the pleasure of the  Commissioner and upon the death, inability to act, resignation  or removal by the Commissioner of a receiver, the Commissioner may  appoint a successor and upon such appointment all rights and duties of the  predecessor shall at once devolve upon such appointee.    (Source: P.A. 85-1402.)
205 ILCS 620/6-13
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-13)Sec. 6-13.         All expenses of a receivership, including  reasonable receiver's and attorney's fees, approved by the  Commissioner, shall be paid out of the assets of the corporate  fiduciary.  All expenses of any preliminary or other examination  into the condition of any such corporate fiduciary or  receivership, and all expenses incident to and in connection with  the possession and control of the corporate fiduciary and its  assets for the purpose of examination, reorganization or  liquidation through receivership shall be paid out of the assets  of such corporate fiduciary.  The payment herein authorized may  be made by the Commissioner with monies and property of the  corporate fiduciary in his or her possession and control and  shall have priority over all claims but shall not give rise to a  claim against properties held by the corporate fiduciary in a  fiduciary capacity.  If monies and property of the corporate fiduciary are insufficient to pay  such expenses, they may be paid from the Corporate Fiduciary Receivership  account in the Bank and Trust Company Fund established pursuant to Section  5-10 of this Act.    (Source: P.A. 86-754; 86-952; 86-1028.)
205 ILCS 620/6-13.5
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

Sec. 6-13.5. Pledging requirements.(a) The Commissioner may require a trust company holding a certificate of  authority under this Act to pledge to the Commissioner securities or a surety  bond which shall run to the Commissioner in an amount, not to exceed $2,000,000, that the Commissioner deems appropriate for costs associated with  the receivership of the trust company.  In the event of a receivership of a  trust company, the Commissioner may, without regard to any priorities,  preferences, or adverse claims, reduce the pledged securities or the surety  bond to cash and, as soon as practicable, utilize the cash to cover costs  associated with the receivership.(b) If the trust company chooses to pledge securities to satisfy the  provisions of this Section, the securities shall be held at a depository  institution or a Federal Reserve Bank approved by the Commissioner.  The  Commissioner may specify the types of securities that may be pledged in  accordance with this Section.  Any fees associated with holding such securities  shall be the responsibility of the trust company.(c) If the trust company chooses to purchase a surety bond to satisfy the  provisions of this Section, the bond shall be issued by a bonding company,  approved by the Commissioner, that is authorized to do business in this State  and that has a rating in one of the 3 highest grades as determined by a  national rating service.  The bond shall be in a form approved by the  Commissioner.  The trust company may not obtain a surety bond from any entity  in which the trust company has a financial interest.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 620/6-14
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

 (from Ch. 17, par. 1556-14)Sec. 6-14.   From time to time during receivership the  Commissioner shall make and pay from monies of the corporate  fiduciary a ratable dividend on all claims as may be proved to  his or her satisfaction or adjudicated by the court.  After one  year from the entry of a judgment of dissolution, all unclaimed  dividends shall be remitted to the State Treasurer in accordance with the Revised  Uniform Unclaimed Property Act, as now or hereafter amended,  together with a list of all unpaid claimants, their last known addresses and  the amounts unpaid.  (Source: P.A. 100-22, eff. 1-1-18.)
205 ILCS 620/6-15
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VI - Receiver and Involuntary Liquidation

(205 ILCS 620/6-15) (from Ch. 17, par. 1556-15)Sec. 6-15.         Whenever the Commissioner shall have taken  possession and control of a corporate fiduciary and its assets  for the purpose of examination, reorganization or liquidation  through receivership, or whenever the Commissioner shall have  appointed a receiver for a corporate fiduciary and filed a  complaint for the dissolution or for the winding up of the  affairs of a corporate fiduciary, and the corporate fiduciary  denies the grounds for such actions, it may at any time within  10 days apply to the Circuit Court of Sangamon County, Illinois,  to enjoin further proceedings in the premises; and such court  shall cite the Commissioner to show cause why further proceedings  should not be enjoined, and if the court shall find that such  grounds do not exist, the court shall make an order enjoining the  Commissioner and any receiver acting under his direction from all  further proceedings on account of such alleged grounds.    (Source: P.A. 85-858.)
205 ILCS 620/Art. VII heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VII - Voluntary Liquidation

 ARTICLE VII.      VOLUNTARY LIQUIDATION
205 ILCS 620/7-1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VII - Voluntary Liquidation

(205 ILCS 620/7-1) (from Ch. 17, par. 1557-1)Sec. 7-1.     Voluntary liquidation; procedure.     Any corporate fiduciary  which desires to  retire from business under this Act, shall furnish to the  Commissioner satisfactory evidence of its release and discharge  from all the obligations and trusts hereinbefore provided for,  whereupon the Commissioner shall revoke the certificate of  authority of such corporate fiduciary.    (Source: P.A. 89-364, eff. 8-18-95.)
205 ILCS 620/Art. VIII heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VIII - Offenses and Penalties

 ARTICLE VIII.      OFFENSES AND PENALTIES
205 ILCS 620/8-1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VIII - Offenses and Penalties

 (from Ch. 17, par. 1558-1)Sec. 8-1.     False statements.     It is unlawful for any officer, director,  employee, or  agent of  any corporate fiduciary subject to examination by the Commissioner or any  person filing an application or submitting information in connection with an  application to the Commissioner to willfully and knowingly  subscribe to or make, or cause to be made, any false statement or  false entry with intent to deceive any person or persons  authorized to examine into the affairs of the corporate  fiduciary or applicant or with intent to deceive the Commissioner or his  administrative officers in the performance of their duties under  this Act.  A person who violates this Section is guilty of a Class 3  felony.    (Source: P.A. 92-485, eff. 8-23-01.)
205 ILCS 620/8-2
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article VIII - Offenses and Penalties

(205 ILCS 620/8-2)Sec. 8-2.     Reliance on Commissioner.     No corporate fiduciary or other  person shall be liable under this Act for any act done or omitted in good faith  in conformity with any rule, interpretation, or opinion issued by  the Commissioner of Banks and Real Estate, notwithstanding that after the act  or omission has occurred, the rule, opinion, or interpretation upon  which  reliance is placed is amended, rescinded, or determined by judicial or other  authority to be invalid for any reason.    (Source: P.A. 90-161, eff. 7-23-97.)
205 ILCS 620/Art. IX heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article IX - Miscellaneous Provisions

 ARTICLE IX.  MISCELLANEOUS PROVISIONS      (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 620/9-1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article IX - Miscellaneous Provisions

Sec. 9-1. (Repealed).        (Source: P.A. 90-301, eff. 8-1-97. Repealed by P.A. 97-492, eff. 1-1-12.)
205 ILCS 620/9-2
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article IX - Miscellaneous Provisions

Sec. 9-2. (Repealed).        (Source: P.A. 90-301, eff. 8-1-97. Repealed by P.A. 97-492, eff. 1-1-12.)