Statutes, codes, and regulations
Illinois Administrative Code
Title 8 - AGRICULTURE AND ANIMALSPart 3 - DEPARTMENT OF AGRICULTURE ACTING AS TRUSTEE ON BEHALF OF CLAIMANTS
Subpart B - PROCEDURE FOR THE COLLECTION, CONTROL AND DISTRIBUTION OF COLLATERAL FILED IN LIEU OF A SURETY BOND WITH THE DIRECTOR OF THE ILLINOIS DEPARTMENT OF AGRICULTURE ACTING ON BEHALF OF CLAIMANTS
Section 3.80 - Investigation by Trustee

Ill. Admin. Code tit. 8 § 3.80

Download
PDF
Current through Register Vol. 48, No. 49, December 6, 2024
Section 3.80 - Investigation by Trustee
a) When there is a failure of licensee/registrant for which collateral acceptable to the Department has been pledged, the Trustee shall conduct an investigation to accumulate claims and documents as may be available to support claims against the collateral. Within the first two weeks of its investigation, the Department of Agriculture shall place at least 3 notices in a newspaper in the business' licensed location informing persons with claims to submit them to the Department.
b) When a failure occurs, the Department of Agriculture shall give a written order of suspension in accordance with the provisions of the licensing/registration act.

Ill. Admin. Code tit. 8, § 3.80

Amended at 22 Ill. Reg. 11698, effective June 25, 1998