(765 ILCS 1090/7)
    Sec. 7. Disqualification from appointment as receiver; disclosure of interest.
    (a) Any person, whether or not a resident of this State, may serve as a receiver unless the person is disqualified under this Act.
    (b) The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.
    (c) Except as otherwise provided in subsection (d), a person is disqualified from appointment as receiver if the person:
        (1) is an affiliate of a party or the judge presiding
    
over the receivership;
        (2) has an interest materially adverse to an interest
    
of a party;
        (3) has a material financial interest in the outcome
    
of the action, other than compensation the court may allow the receiver;
        (4) has a debtor-creditor relationship with a party;
        (5) holds an equity interest in a party, other than a
    
noncontrolling interest in a publicly traded company;
        (6) is a sheriff of any county; or
        (7) is otherwise prohibited from acting as an agent
    
of the court under the laws of this State.
    (d) A person is not disqualified from appointment as receiver solely because the person:
        (1) was appointed receiver or is owed compensation in
    
an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership;
        (2) is an individual obligated to a party on a debt
    
that is not in default and was incurred primarily for personal, family, or household purposes; or
        (3) maintains with a party a deposit account as
    
defined in Section 9-102(a)(29) of the Uniform Commercial Code.
    (e) A person seeking appointment of a receiver may nominate a person to serve as receiver, but the court is not bound by the nomination.
(Source: P.A. 104-34, eff. 1-1-26.)