Section 210 ILCS 47/3-515 - Termination of ReceivershipThe 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.Added by P.A. 096-0339,§ 3-515, eff. 7/1/2010.