Ill. R. Cir. Ct. Will Cnty. 7.01

As amended through September 23, 2024

Rule 7.01 - Disqualification

A. Conditions of Disqualification

Except as provided in (B) of this rule or an applicable statute, an appointment as receiver shall not be granted to an individual, or to a corporation having a principal officer, who:

1. Is related by blood or marriage to a party or attorney in the action;

2. Is an attorney for, or of counsel for, any party in the action;

3. Is an officer, director, stockholder, or employee of a corporation the assets of which are in question; or

4. Stands in any relation to the subject of the controversy that would tend to interfere with the impartial discharge of his duties as an officer of the court.

B. Exceptions

If the court is satisfied that the best interests of the estate would be served, an individual or corporation otherwise disqualified under section (A) of this rule may be appointed as receiver by an order specifically setting forth the reasons for departing from the general rule. A receiver so appointed shall serve wholly without compensation, unless otherwise ordered by the court upon good cause shown.

Ill. R. Cir. Ct. Will Cnty. 7.01

Effective 11/30/2015; Revised 10/1/2023.