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IL SB2358
Bill
AI Summary
- Amends the Common Interest Community Association Act by adding Section 1-47 regarding successor developers
- Requires that any assignment of a developer's interest in property must be obtained in writing to be effective
- Requires that assignments of a developer's interest must be recorded to be effective
- Amends the Condominium Property Act by adding Section 9.5 (specific provisions not detailed in provided text)
Legislative Description
CONDO/COMMON INTEREST-ASSIGN
Last Action
Public Act . . . . . . . . . 99-0569
7/15/2016
Committee Referrals
Judiciary - Civil4/26/2016
Rules4/20/2016
Judiciary3/1/2016
Assignments1/28/2016
Full Bill Text
No bill text available