8.4 Appraisals

(a) Appraiser - Appraisers may be appointed only upon order of court or agreement of the parties with the approval of the court. If appraisers are to be appointed, they shall be selected by the court.

(b) Appraisal by receiver - If no appraisers are appointed, the receiver shall investigate the value of the property of the estate and show in the inventory the value of the several items listed as disclosed by the investigation.

[Adopted May 17, 1976, effective July 1, 1976.]

Copyright 2018 by Circuit Court of Cook County