Illinois Administrative Code
Title 8 - AGRICULTURE AND ANIMALS
Part 3 - DEPARTMENT OF AGRICULTURE ACTING AS TRUSTEE ON BEHALF OF CLAIMANTS
Subpart A - PROCEDURE FOR THE COLLECTION, CONTROL AND DISTRIBUTION OF SURETY BONDS RECEIVED BY THE DIRECTOR OF THE ILLINOIS DEPARTMENT OF AGRICULTURE ACTING AS TRUSTEE ON BEHALF OF THE CLAIMANTS
Section 3.30 - Valid Claims
Current through Register Vol. 48, No. 38, September 20, 2024
a) Claims to be valid against a Surety Bond held by the Trustee shall be defined as bona fide obligations covered by enabling statute and/or Section 40.23 of the Civil Administrative Code of Illinois which are filed by claimants within the statute of claims limitation as established by the enabling statute, if one prevails, or the Mechanics Lien Act [770 ILCS 60 ], or 30 days from the date the business is closed, whichever is less.
b) The closing date of a business shall be the date the business failed.
c) All claims determined as being valid claims by the Illinois Department of Agriculture shall be considered as valid claims for the purposes of filing a claim against the surety bond pledged.
