(This Section may contain text from a Public Act with a delayed effective date)

1. (a) Except as otherwise provided in subsection (b), the court may issue an order under this Act only after notice and opportunity for a hearing appropriate in the circumstances.

2. (b) The court may issue an order under this Act:

   1. (1) without prior notice if the circumstances require issuance of an order before notice is given;
   2. (2) after notice and without a prior hearing if the circumstances require issuance of an order before a hearing is held; or
   3. (3) after notice and without a hearing if no interested party timely requests a hearing.

3. (c) In connection with any sale of receivership property under Section 16 of this Act, notice shall be provided to:

   1. (1) the owner and all other persons having an interest in the property that would be affected by the sale;
   2. (2) with respect to any sale of real property, nonrecord claimants, unknown necessary parties, and unknown owners by publication in accordance with Sections 2-206 and 2-207 of the Code of Civil Procedure; and
   3. (3) such other persons as the court directs.

(Source: P.A. 104-34, eff. 1-1-26.)