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IL HB2643

Bill

Status

Engrossed

3/19/2015

Primary Sponsor

Kelly Cassidy

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Allows condominium associations to correct omissions, errors, or inconsistencies in condominium instruments to conform with the Condominium Property Act or other applicable statutes through a two-thirds vote of the Board of Managers, without requiring a unit owner vote.

  • Exempts corrections for omissions, errors, or inconsistencies from requirements that unit owners, mortgagees, or lienholders approve or receive notice of amendments to condominium instruments.

  • Permits correction of scrivener's errors in unit share distributions of common elements and common expenses by two-thirds Board vote or majority unit owner vote, with proportional adjustment to make total shares equal 100%.

  • Allows unit owners representing 20 percent of association votes to petition for a unit owner meeting within 30 days to reconsider Board corrections; amendments are ratified unless a majority of unit owners reject the action.

  • Prohibits use of the simplified amendment procedures if the amendment would materially or adversely affect unit owner property rights without written consent from affected owners; allows circuit courts to hear petitions to correct errors that cannot be addressed through standard procedures.

Legislative Description

CONDO ACT-INSTRUMENT AMENDMENT

Last Action

Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments

7/31/2016

Committee Referrals

Assignments10/10/2015
Judiciary4/22/2015
Assignments4/15/2015
Judiciary - Civil3/2/2015
Rules2/19/2015

Full Bill Text

No bill text available