Bill Title: Amends the Condominium Property Act. Provides that unless it is approved by a unit owner percentage vote of not less than 75% of the total in the aggregate in interest of the undivided ownership of the common elements following the election of the first unit owner board of managers, a provision in the condominium instruments is against public policy and unenforceable if it restricts the right of a board to represent the association in legal matters which affect the common elements or more than one unit by requiring consent of a percentage of unit owners, requiring arbitration, requiring mediation prior to the filing of an action in a court of competent jurisdiction, or restricting or delaying the board's ability to bring an action affecting the common elements or more than one unit in a court of competent jurisdiction and to demand a trial by jury.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SB2892 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2014-05-08	HTML/Text	Link	View
Amended	2014-04-29	HTML/Text	Link	View
Engrossed	2014-03-04	HTML/Text	Link	View
Introduced	2014-02-04	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2892

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2892 currently on file.

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