Bill Text: IL HB4783 | 2013-2014 | 98th General Assembly | Chaptered
Bill Title: Amends the Condominium Property Act. Provides that any provision in a condominium instrument is void as against public policy and ineffective if it limits or restricts the rights of the board of managers by: (1) requiring the prior consent of the unit owners in order for the board of managers to take certain actions, including the institution of any action in court or a demand for a trial by jury; or (2) requiring the board of managers to arbitrate or mediate a dispute with any one or more of all of the declarants under the condominium instruments or the developer or any person not then a unit owner prior to the institution of any action by the board of managers or a demand for a trial by jury. Provides that a provision in a declaration which would otherwise be void and ineffective under the provisions of the amendatory Act may be enforced if it is approved by a vote of not less than 75% of the unit owners at any time after the election of the first unit owner board of managers.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Passed) 2014-08-26 - Public Act . . . . . . . . . 98-1068 [HB4783 Detail]
Download: Illinois-2013-HB4783-Chaptered.html
| ||||
Public Act 098-1068 | ||||
| ||||
| ||||
AN ACT concerning civil law.
| ||||
Be it enacted by the People of the State of Illinois,
| ||||
represented in the General Assembly:
| ||||
Section 5. The Condominium Property Act is amended by | ||||
adding Section 18.8 as follows:
| ||||
(765 ILCS 605/18.8 new) | ||||
Sec. 18.8. Common elements; rights of board. | ||||
(a) Any provision in a condominium instrument is void as | ||||
against public policy and ineffective if it limits or restricts | ||||
the rights of the board of managers by: | ||||
(1) requiring the prior consent of the unit owners in | ||||
order for the board of managers to take any action, | ||||
including the institution of any action in court or a | ||||
demand for a trial by jury; or | ||||
(2) notwithstanding Section 32 of this Act, requiring | ||||
the board of managers to arbitrate or mediate a dispute | ||||
with any one or more of all of the declarants under the | ||||
condominium instruments or the developer or any person not | ||||
then a unit owner prior to the institution of any action by | ||||
the board of managers or a demand for a trial by jury. | ||||
(b) A provision in a declaration which would otherwise be | ||||
void and ineffective under this Section may be enforced if it | ||||
is approved by a vote of not less than 75% of the unit owners at |
any time after the election of the first unit owner board of | ||
managers.
|