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IL SB0168
Bill
Status
1/28/2015
Primary Sponsor
John Sullivan
Click for details
AI Summary
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Amends Section 5 of the Commercial Real Estate Broker Lien Act (770 ILCS 15/5) to make a technical correction to the definitions section.
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Changes language in the definition of "commercial real estate" by removing a redundant use of the word "the" before "Property Tax Code" on line 12.
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Maintains all existing definitions of commercial real estate, including exclusions for residential units (1-6 units), vacant land, and farmland.
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Preserves the definition of "interest in commercial real estate" to include interests in land trusts as defined in Section 15-1205 of the Code of Civil Procedure.
Legislative Description
CIVIL LAW-TECH
Last Action
Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/1/2017