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Illinois Administrative Code (Last Updated: March 27, 2024) |
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TITLE8. AGRICULTURE AND ANIMALS |
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PART3. DEPARTMENT OF AGRICULTURE ACTING AS TRUSTEE ON BEHALF OF CLAIMANTS |
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SUBPARTB. 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 |
§3.110. Hearing to Verify Claimants and Claim Amounts
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The Trustee shall give at least a 10-day notice by registered or certified mail to the licensee/registrant posting the collateral, as well as to all known claimants advising them of the date, time and place of an administrative hearing. A hearing to receive claims not previously submitted to the Trustee and to verify claimants and their amount shall be held by the Trustee in accordance with 8 Ill. Adm. Code 3.60. Notice of the date, time and place of the hearing shall be published in the official State newspaper and once in a newspaper in the business' licensed location. The administrative law judge, in his/her findings, shall order that all, any portion or none of the collateral be used by the Trustee for the payment of valid claims.
(Source: Amended at 22 Ill. Reg. 11698, effective June 25, 1998)