705 ILCS 230/ Building and Loan Receivership Fee Act.

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705 ILCS 230/0.01

(705 ILCS 230/0.01) (from Ch. 17, par. 3620)

Sec. 0.01.

Short title.

This Act may be cited as the

Building and Loan Receivership Fee Act.

(Source: P.A. 86-1324.)

705 ILCS 230/1

(705 ILCS 230/1) (from Ch. 17, par. 3621)

Sec. 1.

In all cases in the courts in this State wherein receivers or custodians
are or may be hereafter appointed to take charge of the assets of any
building and loan association, the fees to be allowed for all services,
clerk hire and expenses of such receivers or custodians shall not exceed 3%
of the funds handled by such receiver or custodian, to be paid out of the
assets. Any such receiver may be allowed by the court such further amounts
for attorney's fees for services rendered, as the court may determine, not
exceeding the sum of $20 per day for actual time of service:

However, in no case shall the fees to be allowed for attorney's services
exceed the sum of $1,000.00, except as to the separate fees to be allowed
in cases of foreclosure of mortgages or trust deeds, which may be allowed
in accordance with the terms of mortgage in each particular case. Any
receiver or custodian violating any of the provisions of this Act shall be
guilty of a Class C misdemeanor.

(Source: P.A. 77-2386.)