Bill Text: IL SB2358 | 2015-2016 | 99th General Assembly | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Common Interest Community Association Act. Makes a technical change in a Section concerning amendments to the declaration, bylaws, or operating agreement.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2016-07-15 - Public Act . . . . . . . . . 99-0569 [SB2358 Detail]
Download: Illinois-2015-SB2358-Engrossed.html
Bill Title: Amends the Common Interest Community Association Act. Makes a technical change in a Section concerning amendments to the declaration, bylaws, or operating agreement.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2016-07-15 - Public Act . . . . . . . . . 99-0569 [SB2358 Detail]
Download: Illinois-2015-SB2358-Engrossed.html
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| 1 | AN ACT concerning civil law.
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| 2 | Be it enacted by the People of the State of Illinois, | ||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The Common Interest Community Association Act is | ||||||
| 5 | amended by adding Section 1-47 as follows:
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| 6 | (765 ILCS 160/1-47 new) | ||||||
| 7 | Sec. 1-47. Successor developers. Any assignment of a | ||||||
| 8 | developer's interest in the property is not effective until the | ||||||
| 9 | successor: (i) obtains the assignment in writing; and (ii) | ||||||
| 10 | records the assignment.
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| 11 | Section 10. The Condominium Property Act is amended by | ||||||
| 12 | adding Section 9.5 as follows:
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